Radiant World has hired Liam Brown, a former Millennium Management trader, as part of its European expansion into industrial and precious metals markets – marking another move by hedge fund talent into the physical commodities space, according to a report by Reuters.

Brown, who previously held trading roles at Mercuria, Goldman Sachs, as well as hedge fund giant Millennium, has joined Radiant’s London office to focus on industrial metals trading. His appointment reflects Radiant’s broader strategy to diversify beyond its core iron ore operations.

Alongside Brown, Louis McCauley has also joined the firm to trade precious metals, bringing experience from Citi and Crédit Agricole.

The hires come amid a recruitment drive led by Adhitya Sethaputra, Radiant’s co-head of metals trading and a former IXM executive, who joined the company in 2024. Since then, Radiant has made seven key hires in Europe, as well as new metals and freight traders in the US and Singapore.

Radiant, one of the world’s largest physical traders of iron ore, is expanding its global footprint from its UK headquarters, with offices in London, Geneva, Singapore, Dubai, Shanghai, and Stamford.