Scipion Capital boosts senior team with new hires

News | 2 November 2015

Nick Clavel hires.jpg

Scipion Capital, the international commodity trade finance investment manager, announced three new senior hires to further strengthen its legal division, on-the-ground operations and corporate governance.

International financial lawyer Myriam Ly has joined as general counsel to oversee all of the group’s legal matters. She is a dual qualified lawyer admitted to both the Paris Bar and the roll of solicitors in England and Wales. Ly has worked in the field of finance law for leading law firms in London, Paris and Geneva for the past nine years.  Before joining Scipion, she was a senior associate at Schulte Roth & Zabel International LLP, where her practice focused on the establishment and structuring of hedge funds. She holds a master’s degree in business law from the University Paris Sorbonne and a masters in political sciences from the Institut d'Etudes Politiques de Lyon.

Left to right: Neil Tuckwell, Miriam Ly

Trade and structured finance professional Neil Tuckwell joins Scipion as head of operations. He will be overseeing the operational aspects of the company’s commodity financing business and brings with him almost 30 years’ experience in the commodity trade finance sphere. Neil was previously senior transaction management officer in the Middle Office at FBN Bank (UK) Ltd and prior to this, he spent eight years working at soft commodity trading companies including Armajaro Trading Limited and Tate & Lyle Sugars Europe, where he was involved in a number of structured and vanilla trade finance operations covering cocoa, coffee and sugar. 

David Butler, leading advisor to the hedge fund community in London, joins as non-executive director of Scipion Capital (UK) Ltd. Known globally for his services to the industry since 1997, David worked as a senior tax manager at Deloitte and EY before being appointed partner at RSM Robson Rhodes London.  David founded Kinetic Partners, the global service provider focussed on the alternative asset management industry, in 2005. It offered risk management, audit, regulatory, tax, forensic, insolvency and consulting services from eight locations around the world. Since retiring from Kinetic Partners in 2013, David has taken up appointments on the boards of several hedge fund management firms, as well as other financial service firms, providing independent governance and advice.

These developments are in line with the firm’s substantial growth over the last two years, in which it has also added to its investment, marketing, investor relations and compliance teams – and transitioning to a much more institutionalised structure, as a response to the fast growing investor interest in the global commodity trade industry.

The significant inflows into Scipion’s commodities trade finance strategies have led the firm’s executives to engineer an overarching push to bolster their expertise and teams across the business – which most recently included the creation of a high level advisory board and a focus on the international business development through the hire of a head of marketing and sales.

Nicolas Clavel, chief investment officer of Scipion, commented:

“Scipion is now an established leader in the non-bank financial institution sector specialising in commodities; we are getting traction for our strategies with a more and more diversified range of investors, both in terms of type and region of origin. In this context, we aim to leverage our track record and success to give the company the structure its fast-growing size now requires."

He adds, "We believe this will be partly achieved by attracting the best talent across our core areas of expertise, particularly governance and operations: Myriam’s high level international legal experience, Neil’s long lasting embedment within trade financing spheres, and David’s invaluable hedge fund sector track record and focus on independent governance will be key – and complementary - elements of a highly efficient structure, supporting the company’s continuing growth.”

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