#Germany #Hamburg #Sucden Financial #LME

Sucden Financial Expands into Germany

Sucden Financial, a prominent multi-asset execution, clearing, and liquidity provider, has announced the opening of its new European office in Hamburg, Germany. This strategic move comes in response to the increasing demand for their services within the European market. The new establishment, named Sucden Financial Hamburg GmbH, is fully authorized by Germany's integrated financial regulatory body, the Federal Financial Supervisory Authority (BaFin), and holds Category 4 membership in the London Metal Exchange (LME).

The Hamburg office will be managed by an experienced team, including Christoph Domisch and Barry Gershon, along with Christoph Chopin, who will serve as the LME metals broker. The goal of this team is to leverage Sucden Financial's strong market presence with its industrial metal clients to provide comprehensive access to LME contracts for customers in Germany and throughout the EU. Furthermore, there are plans for future expansion, potentially offering clients in Europe additional access to commodity derivatives and foreign exchange markets.

Marc Bailey, CEO of Sucden Financial Limited, expressed his excitement about this new venture. He noted, "We are pleased to have opened our new European office in Germany, fulfilling our strategic goal of enhancing our capabilities and global reach while obtaining BaFin's license. This office will serve as a strategic support point for further expansion into other European markets, demonstrating Sucden Financial's customer-centric approach to developing services for the future."

Bailey further emphasized the substantial investment—financial, intellectual, and human—made in this initiative, highlighting the importance of capitalizing on the opportunities presented by dynamic and evolving markets. He also expressed gratitude towards various stakeholders, including BaFin, for enabling responsible enterprises to operate within such a highly respected international jurisdiction.

Co-managing director Christoph Domisch commented on the significance of this development, stating, "Germany stands as one of the world's foremost industrial economies, with a significant metal demand that we are well-equipped to meet through our new Hamburg office. We look forward to further enhancing our relationships with key metal users, producers, and recyclers throughout Germany and across the continent."

Barry Gershon, also co-managing director of Sucden Financial Hamburg, underscored the milestone this represents for the company. He stated, "This is an important milestone for Sucden Financial and clearly reflects our commitment to providing our clients with an expanding range of services to meet their growing needs in a complex global landscape, as well as our dedication to the LME. With this new capability, we aim to create benefits for everyone by facilitating increased liquidity and enhanced volumes while enabling European clients to improve their hedging and risk management processes."

About Sucden Financial

Founded in 1973, Sucden Financial has a proven track record in futures and options trading in commodities. Over the decades, it has evolved and diversified to become a leading global provider of multi-asset execution, clearing, and liquidity services across currencies, fixed income, and commodities. With over 50 years of experience in financial markets, Sucden Financial operates with complete independence while backed by its parent company, Sucden, which ranks among the world’s leading participants in soft commodity trading.

The company is regulated by the Financial Conduct Authority (FCA) in the UK, while Sucden Financial Hamburg GmbH operates under the supervision of BaFin, ensuring a compliant and robust presence in the European financial landscape.