Glencore UK and ST Shipping and Transport Ltd
2001 - 2015
Employed as the Business Change Manager for the Oil Trading group, Adrian worked on the trading floor and was responsible for new IT business systems. He sat on various IT application advisory boards and was a world-wide consultant on shipping matters. He was the group's internal expert on vessel efficiency, anti-piracy, and emissions control.
Main responsibilities and achievements included:
Led a team that developed the short- and long-term strategic architecture for physical oil trading world-wide.
He was a primary contributor to the setting up of physical security regimes for vessel protection. He liaised with Insurance companies on how to report and protect vessels. Advised on hardening of both shore and vessels against cyber threats.
Designed, promoted and introduced new concepts to handle large amounts of email traffic that are crucial to the ST Shipping trading desks. This included the ability to search more than 9 million documents of ages ranging from immediate to over 15 years with consistent sub-second response time.
Proposed and managed the implementation a change to the way multi-currency micro payments for trading contracts were affected, detecting major flaws in FX handling in the process. Saved 5 FTE head count, dramatically cut execution costs, and provided a near STP process for these costs.
Responsible for the regeneration of the European Gas Trading system, introducing new trade types, new markets, and met the ReMIT UK and European regulatory reporting standards.
Responsible for the business integration of intelligence data and security of assets. This includes the security of highly valuable data, physical risk avoidance, and real-time secure asset tracking using non-detectable means within a high threat environment. This involved liaison with military intelligence for interpretation of raw data and for bespoke detection and protection systems.
Proposed, designed and managed the introduction of a geospatial Business Intelligence system to track commodity physical logistics movements and report trading patterns. This system consolidates near real-time information and is a key driver to traders in obtaining accurate and up-to-date market intelligence. This system utilised AIS data, non-structured information from brokers and traders, and market information. It augmented the raw data with business knowledge to track oil commodity flows world-wide. He was responsible for the concept and was the lead architect.
Introduced a new freight trading system for the tanker division, using SoftMAR. This resulted in the growth of the fleet from 30 vessels to over 280 vessels. Managed the transformational change that this introduced, including merging three different trading groups world-wide into a single new organisation based in Singapore. Implemented a new method for sharing trading risk, resulting in a reduction in up-front capital cost. Worked with the finance team to introduce rigorous risk management (trading, credit, counterparty) and oversaw integration with SAP.
Designed and project managed a demurrage system for the trading division. This system automated the creation of claims from the Energy Trading and Risk Management platform (ETRM) so that no claims were lost. It encompassed a claims calculator to improve efficiency. The claims could be prorated between different suppliers and receivers based on BL quantities. It reported outstanding and generated statements of accounts. The agreed demurrage charges were then posted back to the ETRM.