Scandal-hit Commodity Trader Noble Group Calls In New Finance Boss

Noble Group, the commodity trader that almost blew up in an accounting and debt scandal before pushing through a dramatic financial restructuring, has hired a new finance chief, the Financial Times reported. The Hong Kong-based company said on Friday that it has recruited Jacques Enri, the former chief financial officer of Gunvor, one of the world’s leading energy traders. He replaces Paul Jackaman who left in July. Mr Erni joins the group, which claims to be Asia’s leading independent energy products and industrial raw materials supply chain manager, as it seeks to rebuild its reputation following the debt and accounting crisis. Once worth more than $6bn, Noble market value was almost wiped out after an independent analyst operating under the name of Iceberg Research published in 2015 a series of devastating reports on its accounting practices. Read more