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Veteran Fages joins flow of Dreyfus leavers to rival Sierentz

(Adds LDC reaction, details)

SINGAPORE, March 14 (Reuters) - Jean-Christian Fages, a
senior execution manager at Louis Dreyfus Company (LDC), has
left after nearly three decades at the commodities trading giant
to join startup Sierentz Global Merchants.

He is the latest in a growing list of leavers from the
trading group to join the new agricultural commodities trading
firm officially launched this month by other members of the
Louis-Dreyfus family.

Fages, who worked at LDC for 28 years and most recently held
the post of senior expert - international trade execution, told
Reuters on Wednesday he planned to begin in a similar position
at Sierentz Global Merchants.

"I will be director of execution, that is what is my
expertise," he said on the sidelines of the Global Grain Asia
conference in Singapore where he was acting as president of the
international Grain and Feed Trade Association (GAFTA).

"We have everything to do, it is a startup."

LDC declined to comment.

David Ohayon, who had been Head of Grains at LDC, was
appointed CEO of Sierentz Global Merchants, whose primary focus
will be on exporting grain from the Black Sea region.

He left LDC with a group of colleagues in August 2017 after
differences of opinion with the company's management.

Most of them joined Sierentz Global Merchants. LDC's former
head of Black Sea countries Cesar Soares became commercial
director while operations in Ukraine and Russia are led by
former LDC senior managers Lamprakis Lazos and Maxim Belyakov

"We are going to concentrate on Black Sea," Fages said. "We
will focus on whatever makes sense. Asia is one of the areas
where there is lot of growth in grains demand."
(Reporting by Naveen Thukral in SINGAPORE, Gus Trompiz, Valerie
Parent and Sybille de La Hamaide in PARIS; Editing by Richard
Pullin and Mark Potter)

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