Geneva-based Gunvor Group has offered Noble Group's star gasoline trader Dmitri Sinenko to join its expanding U.S. operations, Bloomberg reported.
Sinenko has agreed to join Gunvor's U.S. operations, Bloomberg reported citing people familiar with the matter.
Sinenko is widely seen by rivals as one of the top U.S. gasoline traders, famous for taking large positions on the Colonial Pipeline that links the refining corridor in the Gulf of Mexico to the consumer markets of the East Coast, the report said.
Many key Noble Group executive contracts and claw-back provisions were due to expire in early December, Bloomberg reported last week.
The embatteled Asian trading house is seeing exodus of senior executives amid asset sales and a debt restructuring.
The Hong Kong-based company said it will cut staff to about 400 from 900 after it completes the sales of its gas and power unit and oil business.
Noble shares have lost more than 90 percent of their value this year as the struggling firm racked up more than $3 billion in losses.