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ICA elects new team

A new leadership team has been elected at the International Cotton Association (ICA) following its annual general meeting, which took place last month during the association’s Hong Kong 2018 trade event. Bill Ballenden, CEO, Dragontree has been appointed as new President of ICA. He will be supported by Azeez Abdul Syed, Senior Vice President, Olam Cotton as First Vice President and Alex Hsu, Managing Director, Formosa Trading Co Ltd as Second Vice President.

Newly appointees are: Pierre Chehab, Platform Head EBS, Louis Dreyfus Company Suisse SA; Shafiqul I. Sarker Sohel, Managing Director, Purbani Group and David Wookey, Director, Sterling Cotton.

Ballenden joined the cotton business in 1996 as a trainee at Ralli Brothers & Coney in Liverpool. After spending a number of years in Liverpool and a year living in Abidjan, he moved in 2001 to join The Seam to build and manage their international cotton trading platform. In 2007, he joined Louis Dreyfus Company (LDC) as a trader in Geneva. He then spent the years 2008 to 2014 managing LDC’s cotton businesses in India and China, living in Gurgaon and then Beijing, and eventually managing the Asia region out of Beijing. In 2014, Ballenden once again moved to Geneva and managed the European & Black Sea regions, China, Singapore and Australia for LDC. At the end of 2017, Ballenden left LDC to start his own company, called Dragontree, focusing on online auctions for commodities.