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MOVES-Head of Americas gasoline for TotalEnergies trading arm departs for hedge fund, sources say
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MOVES-Head of Americas gasoline for TotalEnergies trading arm departs for hedge fund, sources say
Jul 29, 2025 2:51 PM

NEW YORK, July 29 (Reuters) - The head of Americas

gasoline for French energy major TotalEnergies' trading arm,

Atlantic Trading & Marketing Inc, has left the firm to join a

hedge fund, three sources familiar with the matter told Reuters

on Tuesday.

Gregory Galimberti, a veteran U.S. gasoline trader who spent

nearly eight years at ATMI, resigned from his position in recent

days to join Verition Fund Management, a Greenwich,

Connecticut-based hedge fund, two of the sources said.

The sources requested anonymity to discuss confidential

personnel moves.

Galimberti did not immediately respond to a request on

LinkedIn for comment. TotalEnergies, ATMI, and Verition also did

not immediately respond to requests for comment.

Galimberti had been manager of light fuels such as gasoline

and naphtha for the Americas at ATMI since January 2020,

according to his LinkedIn profile. Prior to joining ATMI, he

worked at rival trading firms Mercuria Energy and Glencore, his

profile showed.

Commodities traders have reaped record profits in recent

years, riding a wave of volatility injected into the markets by

Russia's 2022 invasion of Ukraine. That has renewed interest in

the sector from hedge funds and other financial speculators.

Verition, founded in 2008, has grown rapidly in recent years

and bolstered its ranks by adding senior traders across its

various focus areas, like equities, credit, and fixed income.

The hedge fund had around $12.5 billion in assets under

management as of April, according to public records.

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