UBS enters European power and gas

The bank is now enabled to transact UK, TTF and Zeebrugge natural gas as well as German power, and will add UK, Nord Pool, French, Belgian, and Dutch power plus carbon trading capabilities shortly.

Keith Holst, head of European power and gas trading, and Derek Davies, head of European power and gas marketing, are in charge of the new business. Both recently relocated from UBS' Calgary office to London. The bank has also made a number of other hires to the Euopean gas and power business, incl