Engelhart Commodities Trading Partners

Engelhart Commodities Trading Partners (formerly known as BTG Pactual Commodities) was established in 2013 and has since developed into a global commodity merchant, with a presence in all the major global commodities hubs.

ECTP is a global diversified merchant and client solutions provider in the commodities space covering a range of agricultural, industrial, and energy products. ECTP provides support to our clients throughout the entire value chain with a proven strategy focused on financing, marketing, transportation, and risk mitigation.

Headquartered in London







We operate in key commodity segments:

Agriculture, Energy, Metals & Minerals and Freight

Our Business

ECTP has an integrated business model founded on research, financing, merchandising, logistics and risk management. We have a worldwide footprint; operating in 15 different global platforms throughout our 34 offices in 18 Countries.

Our goal is to facilitate the marketing, processing, financing and transportation of essential raw materials. We operate from the beginning to the end of the global commodities value chain.

Adding Value to our Clients

We originate, transport, and merchandise approximately 30 million tonnes per year of commodities, servicing over 3 thousand customers around the world.

ECTP has a solid capital structure and strong balance sheet which enables us to offer financing to our clients.

Our Story
Founding the business
  • Start-up of the new Global Commodities Company
  • Total headcount of 156 employees
  • Offices in 7 countries
Business build-out
  • Start of Physical business
  • Expansion of international operations
  • Total headcount of 541 employees
  • Offices in 16 countries
Confirmation of asset-light model
  • Ramp up of physical business
  • Consolidation of international roll-out
  • Total headcount of 670 employees
  • 34 offices in 18 countries
New Structure, New Name
  • Launch of new brand
  • Restructure of the Commodities platform under a new European holding company
Senior Management
Huw Jenkins
Huw Jenkins is Chairman of the Board of Directors of ECTP, the global commodities trading company based in London as well as its Chief Executive Officer. Huw is also Vice Chairman of the board of directors of Banco BTG Pactual and BTG Pactual Participations. Prior to joining BTG Pactual in 2008, he worked at UBS AG from 1996 to 2008, where he held several positions, including Chairman & CEO of UBS Investment Bank. Previously, Huw was UBS's Global Head of Equities. Prior to joining UBS, he was employed at BZW (1987-1996), Hill Samuel (1986-1987) and HSBC (1981-1984). Huw graduated from Liverpool University and gained an MBA from the London Business School.
Gabriel Melamed
Gabriel Melamed is Chief Financial Officer of ECTP, based in our Stamford office. Prior to joining ECTP in 2013, Gabriel worked at UBS AG from 1996 to 2012, where he held several positions, including Global Head of Product Control and Americas Regional Head of IB Finance, and Global Head of FICC Product Control. Before joining UBS AG, Gabriel held other positions at Santander Investment Bank including Chief Financial Officer of Santander Investment New York. Gabriel is a Certified Public Accountant who received his bachelor’s degree from the University of Buenos Aires, where he also undertook postgraduate studies in Financial Management.
Gustavo Montezano
Gustavo Montezano is the Chief Operating Officer of ECTP, based in London. Prior to joining ECTP in 2016 Gustavo was the Global Head of Structured and Corporate Lending of BTG Pactual (2009-2016). He joined Banco Pactual as a credit analyst in 2005 and became a Managing Partner in 2009. Before joining Pactual he worked at CVC/Opportunity Private Equity (2002-2005). Montezano received his degree in mechanical engineering from the Military Engineering Institute (IME) of Rio de Janeiro and has an MA in Economics and Finance from Ibmec-RJ.
Dean Morris
Head of Agribusiness
Dean Morris is Head of the Agribusiness for ECTP, based in our London office. Prior to joining ECTP in 2013, Dean was Chief Risk Officer of Noble Group from 2011, previously holding the position of Head of Market Risk Asia and EMEA from 2009. Before joining Noble Group, Dean held several positions at other companies, including Twynam Agricultural Group, Namoi Cotton and Macquarie Bank. Dean received his bachelor’s degree in Business Economics from the University of Technology, Sydney, and his Masters in Applied Finance from FINSIA.
Henry Walsh
Head of Agribusiness Trading
Henry Walsh has worked in Commodity markets for over 13 years, primarily focused on soft commodities both in the physical and derivative markets. With a large experience in the global cotton trading business in Australia, USA and Asia. Before joining ECTP in April 2014, Henry ran the Global Commodity Business at National Australia Bank working across Grains, Oilseeds, Softs, Energy & Metals. Henry is originally from Australia, growing up in the Great Southern region of Western Australia on a large farming property focusing on wheat, canola, beef and wool production.
Shon Loth
Head of Metals and Minerals
Shon Loth is the Global Head of Metals and Minerals of ECTP, based in our London office. Prior to joining ECTP in 2013, Shon was the Global Head of Metals Warehousing at Noble Group, running the Worldwide Warehouse Solutions Group of LME listed companies. Before joining Noble Group, Shon held several position at other companies including Managing Director of International Commodity Services (LME London Agent), Managing Director for Pacorini UK, and Fundamentals Economist for the London Metal Exchange. Shon received his PhD from the University of Newcastle in Economics and Politics.
Louis Hopper
Head of Power & Gas
Louis Hopper is the Global Head of Power & Gas, of ECTP, based in our Stamford office. Prior to joining ECTP in 2013, Louis was a Vice President responsible for Americas Gas and Power at Noble Group from 2010. Before joining Noble Group, Louis held several positions at RBS Sempra Commodities, including Trader, Vice President, and Senior Vice President. Louis is a Chartered Financial Analyst who received his bachelor’s degree in Commerce from McGill University, and his MBA from the Schulich School of Business.
Wladimir Blanckaert
Head of Asia
Wladimir Blanckaert is the Managing Director of ECTP in Asia Pacific region, based in Singapore. Wladimir joined BTG Commodities / ECTP in 2013; where he focused mostly on building the Grains, Oilseeds and Sugar desk. Before joining ECTP, Wladimir was the manager for Noble’s sugar division for Asia and MENA regions also based in Singapore. Prior to that, Wladimir worked for Louis Dreyfus Commodities as a grains and sugar trader where he held several roles covering Asia, Middle East and Africa regions from 1999 to 2007. Wladimir has been living in Asia altogether for close to 15 years; he graduated from ISG business school in Paris.
Offices and platforms
Since 2013 ECTP has established 34 offices in 18 countries with a presence in all the key global commodities hubs.
New York
São Paulo

Contact Us


ECTP’s Main Contacts