ICBC Standard Bank has appointed Mark Thompson, a former executive at trading house Trafigure’s asset management business, head of its global base metals trading.

Thompson, who was worked in the metals and financial sector for over two decades, will report to head of base metals, Steve Reese, the London-based bank said in a statement on Monday.

Thompson joins the bank from privately-owned miner Treliver Minerals, where he was chief executive. Previously he was a partner at Apollo Global Management and co-founder and chief investment officer of Trafigura’s asset management business.

ICBC Standard Bank was formed in February last year when Industrial and Commercial Bank of China acquired a 60% stake in the global markets business of South Africa’s Standard Bank. It specializes in commodity, fixed income, currencies and equities.

• [Editor:Juan]