Commodity Financial Services
The CFS business reported an EBITDA of S$4.8 million in 2017 compared to a loss of S$1.6 million previously.
This improvement in earnings came largely from the funds business and from the Trade and Structured Finance business that generates incremental yield by utilising Olam’s underlying agri-business trade flows.
Invested capital in this segment eased by S$55.5 million to S$98.3 million; most of it was deployed in the funds business.
Increasing Intellectual and Human Capital
- Quantitative Funds augmented its trading capability, adding 2 traders with significant experience. The business also further strengthened governance around trading solutions through a strong technology team based in Singapore.
- Commodity Fund completed the absorption and integration of Volatility Trading business within its fold during 2017. The business has placed a team of traders and analysts in China to increase trading.
- Risk Management Solutions (RMS) strengthened its marketing and sales team with a diverse talent pool and is in the process of developing a digital interface for its customers.