Enron's former head of options trading joins Mobius

Mark Jackson, the former head of options trading at failed energy company Enron, has joined Houston-based energy risk advisory firm Mobius Risk Group as senior vice-president of quantitative services.

Jackson has worked in trading and risk management for more than 20 years, and has traded a number of different energy products as well as weather derivatives, said Mobius in a statement. He joins the company from an energy hedge fund, which was not named.

“Given the impact of energy price volatility on operating income, and the increased regulatory complexities that Sarbanes and FAS have placed on executives and boards, the addition of Mark’s extensive trading, energy and sophisticated risk management experience is a critical addition for the expansion of Mobius’s qualitative and quantitative risk, strategy and execution offerings,” said Mobius's chief executive, Eric Melvin.