Scipion Capital makes three senior hires

UK based hedge fund Scipion Capital, specialised in commodities, has appointed three new senior professionals to further strengthen its legal division, on-the-ground operations and corporate governance.

Myriam Ly has joined as general counsel overseeing all of the group’s legal matters. Ly is a lawyer admitted to both the Paris Bar and the roll of solicitors in England and Wales having worked in the field of finance law for leading law firms in London, Paris and Geneva for the past 9 years.

Before joining Scipion, Myriam was a senior associate at Schulte Roth & Zabel International LLP, where her practice focused on the establishment and structuring of hedge funds.

Trade and structured finance professional Neil Tuckwell joins Scipion as head of Operations. Tuckwell, who has almost 30 years’ experience in commodity trade finance, will be overseeing the operational aspects of the firm’s commodity financing business.

He was previously senior transaction management officer in the middle office at FBN Bank (UK) Ltd and prior to this, he held various roles at soft commodity trading companies including Armajaro Trading Limited and Tate & Lyle Sugars Europe.

David Butler has been named as non-executive director of Scipion Capital. Previously, Butler worked as a senior tax manager at Deloitte and EY before being appointed Partner at RSM Robson Rhodes London. He also founded Kinetic Partners in 2005. Since retiring from Kinetic Partners in 2013, Butler has taken up appointments on the boards of several hedge fund management firms, as well as other financial service firms, providing independent governance and advice.

Nicolas Clavel, Chief Investment Officer of Scipion, commented: “Scipion is now an established leader in the non-bank financial institution sector specialising in commodities; we are getting traction for our strategies with a more and more diversified range of investors, both in terms of type and region of origin. In this context, we aim to leverage our track record and success to give the company the structure its fast-growing size now requires.”

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