Deutsche Bank eyes Canadian energy market

The German investment bank has taken advantage of space in the market created by Enron's collapse by hiring two of Enron Canada’s energy derivatives team, Howard Sangwine and Grant Oh.

Sangwine and Oh, who will both report to Scott Kerson, head of commodities sales in the Americas, intend to concentrate on building a portfolio of energy producers and consumers in western Canada. They will concentrate on trading natural gas and oil-based derivatives.

“This addition demonstrates Deutsche Bank’s growth aspirations in the energy market,” said Paul Jurist, head of Deutsche Bank’s Canadian operations.