We may earn commissions if you use the recommended services on this site.  

Citi's Head of Commodities Strategy Ed Morse Departs from the Bank

Latest Business News

Head of Citigroup's Commodities Research, Ed Morse, Departs After 12 Years

Ed Morse, renowned for his bearish calls on the oil market as the head of Citigroup's commodities research, is leaving the bank after a tenure of 12 years. Max Layton, who joined the bank in 2017, will replace him, according to an internal memo seen by Bloomberg News. Morse's next move is not immediately clear. His departure comes shortly after the exit of Jeff Currie, the prominent commodities analyst known for his bullish predictions, from Goldman Sachs Group Inc. Morse and Currie were seen as the epitome of the bull and bear of the oil market, offering contrasting and sometimes controversial forecasts throughout significant events in the industry. In recent years, Morse has taken a contrarian stance compared to the prevailing bullish sentiment. He accurately predicted slow demand recovery from pandemic restrictions in China and anticipated greater crude supplies than expected. Morse's insights have influenced investment decisions and provided a unique perspective on geopolitical events. He has been recognized as one of the most prominent individuals in energy banking and finance by Petroleum Economist. With a career spanning several decades, Morse has held positions at Credit Suisse and Louis Capital Markets.

Ed Morse's Departure from Citigroup: Impact on New Businesses

The recent departure of Ed Morse, the head of Citigroup's commodities research, could have significant implications for new businesses in the commodities sector. Morse, known for his bearish calls on the oil market, has been a guiding voice in the industry for over a decade. His departure leaves a gap in the market for insightful and contrarian analysis, which could be an opportunity for new businesses to fill.

Opportunities for New Voices

Morse's departure could allow for new voices and perspectives to emerge in the commodities research sector. New businesses could seize this opportunity to provide fresh insights and predictions, potentially gaining a foothold in the market.

Challenges in Market Predictions

However, Morse's departure also presents challenges. His accurate predictions, such as the slow recovery of demand from China and the surplus of crude supplies, have been instrumental in guiding investment decisions. New businesses will need to demonstrate similar foresight and understanding of the market to gain credibility.
Legacy of Ed Morse
Morse's influence on the industry is undeniable. His recognition by the Petroleum Economist as one of the most prominent individuals in energy banking and finance sets a high bar for new entrants. New businesses must strive to match or surpass this level of influence and recognition.
Story First Published at: https://financialpost.com/pmn/business-pmn/citi-head-of-commodities-strategy-ed-morse-leaves-bank
Brought to you by BusinessFormation.io
Know Your State's Registered Agent Requirements: What is a Registered Agent
Learn How To Create An LLC: What Is An LLC and How To Start an LLC Online
Business Formation Services: View Top 3 Online LLC Filing Companies

LLC Filing & Registered Agent Services

Compare Online LLC Filing Services Today

We work with the market leaders in business formation and registered agent services.

Getting started is simple and inexpensive. Form your business today & secure your brand name before someone beats you to it! Click below to view the Top 3 Best LLC and registered agent service providers.
View Top 3 Providers Now

Filing An LLC Can Be Complicated

Streamline Your LLC Filing Online for $39

Northwest Registered Agent is the best-rated service for first time filers.

Get professional LLC formation & registered agent services for only $39 + state filing fee. This offers includes your full LLC setup, plus a private business address, lifetime support, and more.

Trusted by Millions. Save 82% Today.