Ex-Glencore Trader Plots Return But Says Compliance Is a Turnoff

A former Glencore Plc copper trader is planning a return to the industry – but not to physical trading of metals, which he criticizes as having become “controlled by compliance, by accountants and by lawyers.”

Sebastien Le Page, who worked at Glencore for 18 years before retiring in 2015, said in an interview that the current state of the copper market had piqued his interest.

“I have a feeling after these 10 years that the copper market is getting hot again, and so that’s why I’m thinking it’s time to come back in it,” he said.

Working with Peter ...