Head of Sales
European Energy Exchange EEX AG
Thomas started his career with Deutsche Bank in Germany in Private Wealth Management in 1994 before moving to Investment Banking in 1999. In 2000 he joined Enron Europe first in Enron's physical gas business and later on trading European power markets. Between 2002 and 2006 Thomas worked in similar trading and sales roles for Aquila, BHP Billiton and BNP Paribas before joining Constellation Global Commodities as Head of Origination for Continental Europe. In 2009 Thomas relocated to Sydney, Australia, taking on the role of Global Head of Business Development for d-cyphaTrade (now ASX Energy). In September 2013 Thomas joined the European Energy Exchange AG as Head of Sales - Clearing & ISV, Coal & Freight to run their London office.
Risk Management – How Other Industries Do It
Tuesday, 7 March, 2017
In today’s volatile energy markets it has become ever more important to hedge your company’s exposure to the fluctuations of power and gas as well as coal and freight prices. After Enron in 2001 and Lehman Brothers in 2008 wholesale energy market participants are very aware of the credit risk in the market and therefore use centrally cleared futures and options such as those listed at the European Energy Exchange to hedge their exposure. The presentation will focus on how companies in energy intensive industries can hedge relatively complex portfolios using standardized products in the wholesale market, thereby reducing their cost of energy, and at the same time, by accessing a centrally cleared market, reducing their counterparty credit risk.
Panel Discussion: Risk Management and the Pulp and Paper Industry
Tuesday, 7 March, 2017
Companies use many techniques to manage risk, including acquiring competitors, integrating backward and forward, diversifying products and geographic coverage, managing costs, and hedging currency. However, many risks are market related and cannot be controlled internally. This panel will feature a discussion on what alternatives exist for pulp and paper companies to alleviate unwanted market price risk by using Risk Management Systems, Services and Markets. Fundamental questions will be addressed, including: What is risk management? What volatilities do pulp and paper companies face? What do shareholders expect management to do?...actively manage risk or deal with the market’s ebbs and flows as they occur? What makes pulp and paper pricing different among commodities? How do forecasts factor into risk management decisions? Four panelists will discuss these questions and risk management strategies, how risk management policies can benefit companies, and how these operate in practice.