Steel Products

Clark, Kessler Join Flack Global Metals

Written by David Schollaert

April 12, 2022

Flack Global Metals (FGM) has hired risk management and hedging experts Brad Clark and Sean Kessler as directors of Flack Metal Bank (FMB).

FlackMetalsThe additions of Clark and Kessler will help expand FMB’s ferrous metals trading desk, improving risk management and hedging strategies to complement its customers’ current supply chains, the company said.

FGM launched FMB in 2021 to allow buyers of flat-rolled metal products to take advantage of pricing on the forward curve regardless of whether they secure physical inventory from FGM or maintain existing supply relationships.

“Adding Brad and Sean to our team illustrates once again our commitment to bringing the world’s top talent in metals hedging to FGM and FMB,” said Jeremy Flack, CEO and founder of FGM. “Brad and Sean will be instrumental in helping FMB devise new financial products for our clients to provide certainty in securing metals supply and pricing.”

Prior to joining FMB, Clark served as vice president of environmental products trading at Kataman Metals, where he developed trading in compliance and voluntary carbon markets. Before his tenure at Kataman, Clark was head of risk management at Big River Steel. He holds an MA in International Relations from University of Westminster, London, UK.

Kessler comes to FMB from CME Group, where he led its industrial and precious metals business as CME’s director of metals products. Kessler also served as a metals trader at Red Kite Group and ED&F Man Capital Markets, Inc. He holds a Chartered Market Technician® (CMT) designation, marking the highest education within the discipline and the preeminent designation for practitioners of technical analysis worldwide.

The latest move by Flack to boost its FMB offerings follows the addition of Keith Shuttlesworth as FMB’s executive vice president in late January.

FGM is a U.S. flat-rolled metals distributor, commodities trader and hedge fund.

By David Schollaert, David@SteelMarketUpdate.com

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

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