UPDATE 1-BTG Pactual loses top grain traders amid commodities rout

miércoles 2 de marzo de 2016 17:56 GYT

(Adds background on BTG Pactual and commodities markets, comment from recruiter)

By Michael Hirtzer and Tom Polansek

CHICAGO, March 2 (Reuters) - BTG Pactual has lost two top grain traders as the Brazilian investment bank tries to restore investor confidence after its billionaire founder was arrested last year.

The departures come during a commodities rout that is shaking up the leadership of global trading firms and making it more difficult for companies like BTG Pactual to boost profits.

Larry Greenhall, who had been BTG Pactual's head of grains, oilseeds and sugar trading in New York, left the company in late February, two traders and two other sources familiar with the matter said on Wednesday.

The sources declined to be named because they were not authorized to speak to the media.

Carl Desjardins has also left the company, one of the traders said. He was BTG Pactual's head global grains trader until January and has since become chief trader in Olam International Ltd's grain division, according to his profile on LinkedIn.

A BTG Pactual spokeswoman declined to comment. Greenhall and Desjardins did not respond to emailed requests for comment and it is not clear why they left.

BTG Pactual has reduced its headcount and is trying to sell various assets to raise cash following founder André Esteves' arrest in connection with a corruption probe in Brazil in November. Esteves is under house arrest after being released from prison in December.   Continuación...