Investment bank Dresdner Kleinwort Wasserstein (DrKW) has formed a London-based energy trading business, headed by Neil Rothwell.The desk will trade gas and oil, but has no immediate plans to trade electricity. Rothwell previously worked for RWE in London as head of global oil trading. Prior to joining RWE in 1999 he worked for three years in energy derivatives trading at Union Bank of Switzerland in London and Zurich.
In his new role Rothwell will report to Jorge Villon, DrKW's global head of foreign exchange.
"Neil's appointment will enable us to diversify our commodities' activity into energy trading and become an active player in this space, providing further risk diversification within our business," Villon said in a statement. "At RWE, Neil was instrumental in establishing a very successful energy trading business and, during the course of the next 6-12 months, he will leverage that experience in the creation of a new team at DrKW."
More on People
Banker who spearheaded BNP Paribas's RMB business moves to exchange
Job changes in the derivatives, regulation and risk industry throughout Asia
UK bank adds to commodities business with hires from Credit Suisse, Mercuria
Other commodities moves at Castleton, Natixis, TrailStone and VTB Capital
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.