Energy Risk Manager of the Year: GDF Suez Trading

As banks retreat, French utility broadens risk management offering

Energy Risk Awards 2014

The past 18 months have witnessed the retreat of US and European banks once seen as major providers of energy risk management products. That has created a window of opportunity for non-bank firms to take their place.

GDF Suez Trading, the trading arm of Paris-based multinational utility GDF Suez, has firmly seized that opportunity, expanding into new markets and increasing its number of counterparties by 30% in 2013. Many of those counterparties are in sectors that have traditionally relied on b