Veteran Vitol Oil Derivatives Trader Yaoyao Liu to Leave Firm

Yaoyao Liu is set to leave commodities trading giant Vitol. His career has seen dramatic highs and lows, and he once earned the company billions of dollars through oil derivatives trading. According to people familiar with the matter, Liu, 39, stopped taking part in day-to-day trading around the middle of this year. As he departs, his team's trading book has posted major losing positions for two consecutive years. However, he had begun planning his retirement as early as 2025, before this year's trading turmoil.