Shipbroking group SSY has hired a well-known name to enhance its customer base for its derivatives arm SSY Futures.
Phoebus Kaloudis joins as head of business development for SSY Futures.
Jamie Pearce, SSY’s global head of derivatives, told TradeWinds that Kaloudis has what it takes to deepen the business.
“Phoebus’ extensive network within the shipping community greatly enhances SSY’s relationships with our traditional clients. His wealth of experience is also invaluable as we continue to broaden our customer base through our expanding cross-commodity offering,” Pearce said.
In a LinkedIn update on Monday, Kaloudis said: “Thrilled to announce my new role at SSY, where I’ll be leading the charge in driving growth and forging strategic partnerships. Looking forward to connecting with all.”
Kaloudis has spent the past three years or so heading up the freight markets offering for S&P Global, the commodity price index and financial information giant.
He worked for over 11 years at London-based AMN Bulk Carriers, part of the AM Nomikos group, where he was risk officer and director of business development.
Before that, his background was in banking and derivatives.
SSY Futures has been making waves with new hires and an expanded offering of services.
In March, it launched a dedicated sales and execution desk for agricultural derivatives, which will focus initially on grains, oilseeds and soft-commodity derivatives. Three additional staff were hired for the desk.
The launch followed the firm’s successful growth in iron ore derivatives. SSY Futures executed milestone volumes in November when it rolled a 5m-tonne position from a 2023 prompt date into 2024, generating a total futures volume of 10m tonnes.
The SSY group has also been expanding rapidly since managing partner Stanko Jekov took the top job in January last year, most notably entering the offshore sector through acquisitions.
This year to date has seen the group expanding its ship finance offering in Asia with hires of well-known names including former banker Ali Susanto in Singapore and Terry Chen in Shanghai.
