Glencore is seeking to appoint about eight lenders to manage its planned London and Hong Kong listings, Financial Times reports. The Swiss commodity trader plans to hire at least five more banks along with Morgan Stanley, Citigroup and Credit Suisse that have until now advised the company as global coordinators. The Baar-based firm is likely to appoint Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, Societe Generale and UBS to manage the listing. Glencore is aiming to raise between $10 billion and $12 billion by selling around 20% of its stake.

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