Commodity trading firm Open Mineral appoints new CFO

Miguel Pacheco will support Open Mineral's regional expansion drive and develop innovative global trade finance instruments

Abu Dhabi-based critical minerals commodity digital trader and market intelligence house Open Mineral has announced it has appointed experienced corporate finance leader Miguel Pacheco as its new Chief Financial Officer.

The firm says Pacheco will boost the firm's strong performing reputation, guiding the fiscal health of the business and acting as a prudent sounding board, risk mitigator and strategist.

“I'd like to welcome Miguel to his new role at our young and thriving business, as we push ahead with our second phase of regional development and expansion, while further reinforcing reporting and compliance standards in our specialised Critical Minerals business,” Boris Eykher, Global CEO of Open Mineral said. “And with the world's economies continuing to advance amid volatility, and global trade headwinds impacting our GCC region, the need for a CFO with an evolved skillset and mindset like Miguel is invaluable.”

After securing funding from Mubadala Investment Co, amongst others, Open Mineral accelerated its growth plan last year by opening offices in Abu Dhabi and Shanghai, where the company expects to double its headcount over the coming year. 

Currently headquartered in Zug, Switzerland, Open Mineral has a global presence with offices in Latin America, UAE, China, the Americas, Asia and Europe.  Open Mineral is a physical commodity trader powered by technology and market intelligence, enabling profitable and efficient trading of raw material commodities.

Founded in 2016 by a team of ex-Glencore traders based in Baar, Switzerland, Open Mineral is a physical commodity trader powered by technology and market intelligence, enabling profitable and efficient trading of raw material commodities.

Pacheco brings over 20 years of experience in Corporate Finance in challenging advisory & consulting roles to large multinationals, as well as in Strategic Corporate Development positions within complex transnational organizations with aggressive growth strategies. Prior to joining Open Mineral, he was Chief Executive Officer at TF Cargoes, and held senior positions in several leading commodity companies and large MNCs including Trafigura, Mercuria Energy Trading SA, Hartree Partners and EY.

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