Firm’s new office to offer trading places

Oak Futures bosses (left to right) Steve Roberts, Phil Glover and James Bart Pepper, who are looking to open a Newcastle office for their trading business.
Oak Futures bosses (left to right) Steve Roberts, Phil Glover and James Bart Pepper, who are looking to open a Newcastle office for their trading business.

A KILLINGWORTH man is coming back home to offer aspiring traders in the region an opportunity he never had.

Phil Glover moved to London when he was 16 to further his dream of becoming an investment trader.

Now, Oak Futures, the multi-million-pound trading firm he helps run, is looking to open an office in Newcastle.

The firm, specialising in futures investments in the energy sector, is building links with the north east’s universities as it looks for recruits.

Phil, director and senior energy trader at the firm, said: “We believe there is a big talent pool in the north east not being given an opportunity to work as a trader.

“To get that kind of chance at the moment, you have to go to London.

“It’s about trying to close the gap between the north and south, bringing what’s in London up to the north east.”

Oak Futures was set up 18 months ago by Phil, chief executive Steve Roberts and head of trading James Bart Pepper.

They intend to create 11 jobs initially but believe the Newcastle office could eventually employ 35.

Phil, a former George Stephenson High School pupil, still has strong links with North Tyneside as his parents’ home is in Killingworth and his sister lives in Whitley Bay.

The 39-year-old, a father of two, added: “I wanted a career in trading from a young age.

“When I left school it was just after the stock market crash, and there were extremely limited opportunities in Newcastle. I had to move to London to follow that career path.

“I would love to have had this opportunity. Hopefully, this will provide the opportunity I didn’t have.”

For details, visit www.oakfutures.com