Armajaro has come a very long way from small beginnings. Founded in 1998 by former Phibro soft commodities trader Anthony Ward and ex-Eurobond broker Richard Gower, the firm started life in a basement office on London's Grosvenor Street with nine employees and just £2 million of the founders' own capital.
Anthony Ward and Richard Gower
Twelve years on, the commodities and financial services group and its subsidiaries have more than 3,000 employees worldwide - with offices in 15 countries across Europe, Africa, the Middle East, Asia and north and south America.
Its activities span commodities trading (both in physicals, where it is one of the world's leading cocoa traders and a principal player in the coffee market too, as well as in futures), securities (principally in arranging and dealing in structured notes, which was the firm's other original business back in 1998), structured OTC derivatives business (with the recent...