Vitol's Star Oil Derivatives Trader Yaoyao Liu to Depart

Deep News10-18 06:40

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Yaoyao Liu is set to leave commodities trading giant Vitol Group. His career has seen dramatic highs and lows, having once earned billions of dollars for the company through oil derivatives trading.

According to people familiar with the matter, the 39-year-old Liu stopped participating in day-to-day trading around mid-year this year. His departure comes as his team's trading book has recorded significant loss-making positions for two consecutive years.

However, even before this year's trading turbulence, he had already begun planning his retirement as early as 2025.

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