Troy Black has joined the investment bank's U.S. Energy Sales and Exploration and Production team as managing director in Houston, while Paul Dunsmore will be managing director of the same team in Calgary.
Both were previously with BP's physical structured products business.
Barcap said it has also hired four new directors and one vice president into its commodities distribution business, who were also previously with BP's physical structured products team.
Lakshmi Sreekumar and Albert La More join as directors in Houston, Bob Williams joins as a director in Denver, while Jason Howe and Lee Van Hereweghe join as director and VP, respectively, in Calgary.
They will report to Sarah Valdovinos, the head of exploration and production sales in the Americas, the company said.
Barcap is one of the biggest investment banks in commodity markets following its purchase of Lehman Brother's U.S. operations in 2008 and has plans to expand in physical commodity markets.
Investment banks, including Goldman Sachs and Morgan Stanley -- the two biggest banking firms in commodities -- have been moving deeper into physical commodity markets in a bid to increase returns and market knowledge.
(Reporting by David Sheppard; Editing by Sofina Mirza-Reid) Keywords: BARCAP SALES (d.sheppard@thomsonreuters.com; +1 646 223 6057; d.sheppard.thomsonreuters@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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