Citi Global Head of Commodities Ed Morse Leaves After 12 Years

(Bloomberg) -- Ed Morse is leaving Citigroup Inc. after 12 years as global head of commodities strategy.

Max Layton, who joined the bank in 2017, was named to replace Morse, according to an internal memo seen by Bloomberg News. Layton has been covering industrial and precious metals and bulk commodities as well as cross-commodity strategies.  

Morse, 81, has been covering energy policy and commodities since the 1970s, according his LinkedIn profile. Before Citigroup, he served as managing director of commodity research at Credit Suisse, and was a managing director at Louis Capital Markets before that. 

“His excellent insights into the commodities’ markets — especially the energy sector, sustainability, and analysis of geopolitical events based on unique perspective — has continued to enhance investment decisions with our client franchise,” Lucy Baldwin, global head of markets research, and Rob Rowe, the bank’s head of Americas research, said in the memo.

In 2018, Morse was named by Petroleum Economist in its inaugural “Global Energy Elite” issue as among the 10 most prominent individuals in energy banking and finance, according to his corporate biography.

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