Exxon Mobil Corp has hired veteran crude traders Mitch Rubinstein and Michael Pa...
NEW YORK - Exxon Mobil Corp has hired veteran crude traders Mitch Rubinstein and Michael Paradise in Houston, to further boost its trading capabilities, sources familiar with the matter told Reuters on Wednesday.
Exxon, the largest U.S. oil company by market capitalization, has historically stood apart from rivals by limiting trading activity out of concerns it would be accused of market manipulation. Rubinstein was managing director and global head of crude oil at Noble until 2017, when rival Vitol SA agreed to buy Noble Americas Corp. Noble was once Asia’s biggest commodity trader, and has restructured after facing insolvency last year.Exxon also recently hired Gary Pace, a senior gasoline trader, sources familiar with his move said. Pace was most recently at investment bank Macquarie in Houston and previously worked for Shell’s U.S. trading arm, according to his LinkedIn profile.
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