Several Macquarie oil traders have resigned, and two key commodity trading departments have merged.

(1) Several crude oil traders from Macquarie Group have resigned, and the firm is currently merging its two core commodity trading divisions. (2) According to sources, these traders were responsible for crude oil and refined oil product trading, with offices located in Singapore, Geneva, and other locations, and have gradually left in recent weeks. (3) The departures include Daniel Mortleman and Simon Fender in Singapore, as well as Natalia de la Huerga and Marc Aguilar in Geneva. (4) Sources say Macquarie is integrating the trading segments of Macquarie Bank and Macquarie Commodities Trading SA. (5) The two teams trade similar products, but their portfolio holdings differ.