J.P. Morgan Chase & Co. has hired 50 people for its global commodities business this year, further expanding the investment bank’s capabilities.

It is focusing specifically on the build-out of five major businesses: power and gas trading; oil and distillates trading; carbon and environmental products; energy sales and marketing; and commodity-linked structured products. To that end, it reported that it has recruited a variety of people from rivals such as Deutsche Bank, UBS, Goldman Sachs, and Barclays Capital.

Blythe Masters, global head of commodities at JPMorgan said, “We have an extremely talented, well-established team with aggressive, but attainable, long-term growth plans. Our ability to advise, structure and execute for clients across the globe is second to none and it’s why we are attracting some of the best people in the industry.”