Hazim Nada
| Hazim Nada Hazim Nada | |
|---|---|
| Born | |
| 🏡 Residence | Switzerland |
| 🏫 Education | Imperial College London |
| 💼 Occupation | Managing Director |
| 👔 Employer | Lord Energy |
| 🏢 Organisation | Lord Energy |
| Known for | Founder of Lord Energy |
| 🌐 Website | http://lordenergy.net/ |
| lordenergy_ | |
Hazim Nada
Hazim Nada is an entrepreneur and business executive. He is the founder and managing director for Lord Energy, a trading firm which conveys commodities such as crude oil, coal, cement, and grain across international seaborne routes. He currently helms the company’s main offices in Lugano, Switzerland.
Education and Early Career
Though he has spent the last decade working in the energy sector, Hazim Nada revealed in an episode of his company’s podcast that he originally intended to pursue a career in academia as a theoretical physicist. He studied in the UK, obtaining his Master’s degree in Applied Mathematics and Theoretical Physics from the University of Cambridge and his Ph.D. in Quantum Physics from Imperial College London.
Before founding Lord Energy in 2008, Nada worked as a quantitative analyst (colloquially known as a “quant” to those in the investment sector) for Citibank and Merrill Lynch. During this time, he worked almost exclusively with clients embedded in the energy sector - i.e., those in the oil or gas trade. He would later use these connections to build a client base for Lord Energy.
Work with Lord Energy
Hazim Nada founded Lord Energy when he was in the final year of his postdoctoral studies at Imperial College London. In interviews, he has cited the reason for his career shift as wanting to pursue a career path that could provide for his family in a way that academia alone could not.
Though the company now maintains operations on six continents and conveys commodities through seaborne trade routes across the globe, Nada began the company as a small consulting firm. In its first two years, the company offered market analysis and business development advice to the companies Nada had built connections with during his time as a quant. He chose not to elicit help from outside investors out of a concern that doing so would put his company’s long-term goals and success in the hands of investors who didn’t have Lord Energy’s best interests at heart.
By 2010, Hazim Nada had built up enough capital to shift into the dry commodities industry. Within two years, he had established Lord Energy’s presence in the Mediterranean market by moving cement and coal through seaborne routes between Indonesia and South Africa. In 2015, Nada achieved his long-term goal of breaking into the oil commodities trade by forging partnerships with buyers and suppliers in Colombia, Brazil, Libya, and Algeria. In 2017, Lord Energy became one of the primary suppliers of Mellitah condensate to the Asian continent.
In the summer of 2018, Nada and Lord Energy took its involvement in the oil sector a step further by signing a limited-term contract with CEFC China Energy. This deal named Lord Energy as one of two traders responsible for conveying one 80,000 tonne cargo of Russian Urals crude from the port of Novorossiysk to buyers in the Asian market every month for six months.
Hazim Nada has cited Lord Energy’s size and relative youth as the main obstacle he faces in expanding the company. Because Lord Energy is considerably smaller than its competitors, Nada has reportedly needed to pursue innovative strategies such as opening new markets and blending new grades of crude oil to remain competitive in the market.
