Energy Risk USA
Risk.net's 22nd annual Energy Risk USA returned to Houston on May 14-17, 2018 with an agenda highlighting the biggest trends in the industry with particular focus on topics revolving around the impact of new global and domestic regulations, the use of new technology and data science in trading and risk management and endless industry disrupters that are changing energy markets.
THE U.S COMMODITY FUTURES TRADING COMMISSION
Rostin Behnam, Commissioner, THE U.S COMMODITY FUTURES TRADING COMMISSION
Rostin Behnam was nominated by President Trump as a Commissioner of the U.S. Commodity Futures Trading Commission on July 13, 2017, was unanimously confirmed by the Senate on August 3, 2017, and was sworn in to serve as a Commissioner on September 6, 2017 for term expiring in June 2021.
Prior to joining the CFTC, Mr. Behnam served as senior counsel to U.S. Senator Debbie Stabenow of Michigan, Ranking Member of the Agriculture, Nutrition, and Forestry Committee. Mr. Behnam served as counsel to Senator Stabenow since 2011, focusing on policy and legislation related to the Commodity Futures Trading Commission and the Department of Agriculture.
Prior to serving Senator Stabenow, Mr. Behnam practiced law in New York City and worked at the New Jersey Office of the Attorney General. Mr. Behnam is a graduate of Georgetown University and earned a J.D. from the Syracuse University College of Law.
Managing Director, Global Head of Commodities Research
Michael Haigh, Managing Director, Global Head of Commodities Research, SOCIETE GENERALE
Michael Haigh is Managing Director and Global Head of Commodities Research for Société Générale and is based in NYC. For 2017, 2016, 2015, 2014 and 2013, SG CIB has been voted by the industry as the Best Overall in Commodity Research in both Risk and Energy Risk, two highly respected publications dedicated to risk management, trading and regulation for the global commodity markets. Immediately prior to running the Global Commodities Research team, Haigh was Global Head of Commodities Research at Standard Chartered Bank, based in Singapore. Prior to joining Standard Chartered Bank, Haigh held the positions of Managing Director at K2 Advisors LLC, a Global Hedge Fund of Funds, where he focused on Commodity Research/Investing and also as Managing Director and US Head of Commodities Research and Strategy at Société Générale in NYC. Haigh also spent several years as the Associate Chief Economist at the US Commodity Futures Trading Commission (CFTC). Haigh began his career in academia and held a position as a tenured Associate Professor of Economics at the University of Maryland, US. Haigh has taught graduate (MBA) & undergraduate derivative courses at several universities including NYU Stern School of Business, Johns Hopkins University and George Washington University and has supervised numerous Ph.D. dissertations on the commodity and financial markets. He has published numerous scholarly research papers on commodity and derivative markets in several leading journals including the Journal of Finance, Journal of Business, Journal of Futures Markets and the Journal of Applied Econometrics. Michael holds a PhD in Economics with a minor in statistics from North Carolina State University.
Enterprise Risk Manager
Liza Abad, Enterprise Risk Manager, HESS CORPORATION
Liza Abad is Enterprise Risk Manager at Hess Corporation, a Fortune 100 E&P company, with portfolio responsibilities overseeing North America onshore, Asia Pacific and Australia regions. In Asia, Liza was responsible for the roll-out of Enterprise Risk program. Liza also served in a research advisory capacity in Hess' Strategy group; shepherding the country risk program and methodology development. Prior to joining Hess, Liza was at Mirant Corporation and Bank of America. Liza has been actively involved in the risk professional and strategy community, furthering risk management best practices and educational needs of energy professionals. At Professional Risk Managers' International Association (PRMIA), she has served various global roles (Global Speaker Coordination Leader, SME and advisory roles) and chapter level roles (Houston and New York Steering Committees). In 2016, Liza was elected Co-Regional Director of PRMIA's Houston chapter. Liza has served as chairperson on the International Energy Credit Association (IECA) Crude and Refined Products committee and on projects for Association for Strategic Planning. Liza has also been an active speaker in the risk community (Columbia University' Energy Symposium, McDermott Will & Emery Energy Conference, LEAP, IECA and PRMIA). Liza holds a MBA from Emory University in Atlanta, GA.
Bob Anderson, Executive Director, CCRO
BOB ANDERSON is Executive Director of the Committee of Chief Risk Officers. In this role‚ he is the Committee's principal spokesperson‚ lead strategist and chief administrator. He represents the Committee before the FERC‚ CFTC‚ Congress‚ and major industry conferences. Bob is also President and founder of the Energy Data Hub company which promises to bring much needed gains in market transparency and robustness in price formation. Before agreeing to lead the CCRO‚ Bob was a Corporate Vice President and the Chief Risk Officer for El Paso Corporation in Houston. From 1999 through early 2003‚ Anderson's group introduced a new risk-capital based framework to controls‚ capital allocation‚ and performance measurement. During this time‚ Bob was a major contributor to the CCRO white paper on assessing capital adequacy. Prior to El Paso‚ Bob was a consultant with McKinsey & Company‚ at their Houston office. There he focused on helping energy industry clients to address their organizational‚ risk management‚ and asset valuation issues. Prior to McKinsey‚ Bob founded his own software development firm‚ providing data management tools for diesel price analytics. Just after graduate school at Duke‚ Bob joined BP Oil Company where his seven years of experience included strategic planning‚ trading‚ and serving as head of energy derivatives marketing. Bob has received much public acknowledgement for his involvement in advancing energy risk management‚ including the 'Famous Fifty' hall of fame award from Energy Risk Magazine‚ for contribution to energy markets over the last ten years. Bob's educational background includes an MBA from Duke's Fuqua School of Business and a BE in Mechanical Engineering from Vanderbilt University
Director, Product Management
Interim Director, Energy & Market Operations
Erika Bierschbach, Interim Director, Energy & Market Operations, AUSTIN ENERGY
Erika Bierschbach has over 23 years of experience in the energy market industry. Bierschbach's experience includes positions in energy risk management and trading at Duke Energy Trading and Marketing as well as Enron Capital and Trade. Bierschbach's current position is interim Director of Energy & Market Operations at Austin Energy, where she manages the wholesale market activities for the utility.
Bierschbach joined Austin Energy to develop and implement the energy hedging program for the utility. Among her achievements are the establishment of Austin's financial energy portfolio, its Risk Oversight Committee, and the establishment of Risk Policy guidelines ensuring the proper oversight and separation of duties required for best practices in energy trading and risk management. Bierschbach and her origination team are responsible for acquiring over 1,200MWs of wind generation and 600 MWs of solar generation to Austin Energy's renewable portfolio to meet the renewable energy goals established by Austin's City Council.
Bierschbach has a degree in Economics from Texas A&M University and is fluent in English, Spanish and French.
ROFAN COMPLIANCE ADVISORS
Vice President, Supply & Risk Management
Freddy Cardozo, Vice President, Supply & Risk Management, GAS SOUTH
Mr. Cardozo has over twenty-three years of experience in the energy industry from both the regulated and deregulated markets. Mr. Cardozo is Vice President of Supply & Risk Management for Gas South, a natural gas marketer in Georgia, Florida, and the Carolinas. He is responsible for natural gas trading, portfolio risk management, price structuring, and legislative and regulatory affairs. He has testified multiple times before the Georgia Public Service Commission. Before joining Gas South in 2006, he worked at Southern Company and Mirant Corporation. Mr. Cardozo holds a bachelor's degree in Electrical Engineering from the National University of Asuncion, Paraguay, and earned a Master of Science degree from Arizona State University as a Fulbright Scholar.
Joe Cipolla, MACQUARIE GROUP
Chief Executive Officer
Paul Cusenza, Chief Executive Officer, NODAL EXCHANGE
Mr. Cusenza has over thirty years of experience in building and managing businesses. He has been Chief Executive Officer since January 2008 and led Nodal Exchange to its commencement of trading in April of 2009. Prior to Nodal Exchange, he was a co-Founder and co-President of 23andMe, a personal genetics company, and the Senior Vice President of Marketing and Alliance Management at Perlegen Sciences. He was part of the Senior Management Team of Capital One Financial during a period of great growth in the 1990s, as the Managing Director of Value-Added Alliances and Vice President Marketing & Analysis. Prior to Capital One Financial, he was a Vice President and Partner at Mercer Management Consulting (now Oliver Wyman) for nearly a decade focusing on financial services. He also worked for IBM early in his career. Mr. Cusenza holds a Masters of Business Administration degree from the Harvard Business School and a B.S.E. in Mechanical Engineering from the University of Michigan.
Branch Chief, Office of Enforcement
Nicholas Coughlin, Branch Chief, Office of Enforcement, Division of Audits and Accounting, FERC
Mr. Coughlin has been at FERC for 15 years, during which time, he has participated in, led, and managed numerous audits of FERC jurisdictional companies. These audits have included financial and operational audits of electric, natural gas, and oil pipeline companies. Currently, he is a Branch Chief in the Division of Audits and Accounting where he manages audits covering a diverse range of topics including utility operations, accounting and financial reporting matters, rates, recovery mechanisms, affiliate transactions, tariff matters, and compliance with various other FERC rules and regulations.
Global Director, Trade Monitoring & Surveillance
John Doran, Global Director, Trade Monitoring & Surveillance, CONOCOPHILLIPS
John L. Doran, Global Director, Trade Monitoring & Surveillance with ConocoPhillips, brings more than 20 years of experience providing advisory services and analytical modeling methods to his clients in the energy industry. Mr. Doran is the designer of multiple commodity trade surveillance methods used to detect targeted trading patterns. He has worked with integrated oil companies, investment banks, hedge funds and Department of Justice sponsored monitors providing customized trade surveillance solutions and independent reviews. Prior to joining ConocoPhillips, Mr. Doran spent a significant part of his career with Ernst & Young and SunGard Global Services focusing within the energy industry. John graduated from Texas A&M University with a Bachelor of Science degree in Electrical Engineering.
Interim - Energy Market Manager, Energy Market Analysis Group
Senior Vice President, Government Affairs
NATURAL GAS SUPPLY ASSOCIATION
Jennifer Fordham, Senior Vice President, Government Affairs, NATURAL GAS SUPPLY ASSOCIATION
Jenny Fordham is senior vice president, government affairs for the Natural Gas Supply Association (NGSA). She joined NGSA in 2005.
Jenny is responsible for the association's legislative and policy advocacy on issues relating to the competitive natural gas market. She represents the association at senior level meetings with the administration, the Federal Energy Regulatory Commission (FERC), the Commodity Futures Trading Commission (CFTC), U.S. Congress, media, industry and the public, serving as a spokeswoman for the association on a multitude of natural gas market issues.
Jenny's diverse 25-year energy career helps provide the commercial relevance that is characteristic of NGSA advocacy. Fordham's regulatory affairs and fuel supply planning experience is further augmented by her investor relations and financial planning experience for Columbia Energy Group.
Jenny specializes creating long term strategic advocacy partnerships that broaden policymaker support for commercially relevant positions. Fordham created the first "agriculture and energy" partnership, NGSA and the National Corn Growers Association, credited with securing the end user protections in the Dodd-Frank financial reform legislation. Jenny's work helped establish NGSA as an industry leader on CFTC Dodd-Frank implementation advocacy.
Jenny Fordham graduated cum laude from Shepherd University receiving a Bachelor of Science degree in economics and political science.
Chief Compliance Officer, Commodities
Ike Gibbs, Chief Compliance Officer, Commodities, CITADEL
Vice President, Risk Management
Director, Market Risk
Lyon Hardgrave, Director, Market Risk, GLENCORE
Vice President, Trading Compliance
Frank Hayden, Vice President, Trading Compliance, CALPINE
Frank Hayden has been in the industry since 1987 and currently serves as Vice President of Trading Compliance for Calpine. Mr. Hayden is charged with developing a trading compliance control framework and market monitoring program. He directs overall corporate strategy regarding commercial compliance. His deep experience includes energy trading, assurance risk assessments, risk management, utility asset management, banking and energy trading compliance. During his career, Frank remains focused on enabling organizations with a transparent decision-making framework increasing the effectiveness of compliance programs, risk management and overall efficiency of capital allocation. Mr. Hayden is a co-founder of the Professional Risk Manager's International Association.
Manager, Risk Control
Paul Hughes, Manager, Risk Control, SOUTHERN COMPANY
PIVOTAL RISK ADVISORS
Sid Jacobson, Managing Partner, PIVOTAL RISK ADVISORS
Sid is a management consultant with over 25 years of experience driving change and growth for companies engaged in energy and related derivatives markets. Sid is known for strategic visioning complemented with a successful track record implementing improved commodity strategies, commercial operations, risk management and regulatory compliance.
Prior to consulting, Sid had successful career as an options market-maker with a seat on the AMEX and NYMEX. After trading, Sid was the first risk manager for a global hedge fund and for a PJM utility/energy marketer. Sid also developed derivatives marketing programs to launch new products for NYMEX.
Sid often engages in industry committees focused on developing practices; currently as a Steering Committee Member for the Houston Chapter of PRMIA, a Committee of Chief Risk Officers Advocate and as a conference moderator for Energy Risk USA. Sid graduated Syracuse University with a B.S. degree in Finance with a focus on Managerial Statistics.
Chief Operating Officer, Commodities
Group Chief Compliance Counsel
MERCURIA ENERGY TRADING
Jerry Jeske, Group Chief Compliance Counsel, MERCURIA ENERGY TRADING
Mr. Jeske has been handling global Compliance related matters for Mercuria since June 2011. Mr. Jeske was previously a Director of Commodities Compliance with Barclays Capital from 2008 until June 2011 and Mr. Jeske served as Compliance Counsel for BP America Inc. WOR operations from 2005 until 2008. Prior to becoming in house Compliance Counsel in 2005, Mr. Jeske practiced law with Foley and Lardner where he was a member of the Commodities and Securities Litigation and Regulatory Practice Groups, defending clients from various enforcement action before Federal, State and Exchange enforcement authorities and counseling FCM, CTA, IBs, IAs, Exchanges and Exchange Members in connection with relevant rule interpretations and case law developments. Mr. Jeske was a member of the CBOT, a registered Stock Transfer Agent with the SEC and an Investment Advisor with the SEC. Mr. Jeske is presently a member of the Illinois and Wisconsin bar holds a J.D. from Chicago Kent College of Law and is a graduate of the University of Wisconsin, Madison with a degree in Economics and International Relations.
Global Head of Commodity Market Risk
Saji John, Global Head of Commodity Market Risk, CITIGROUP
Saji K. John is the Global Head of Market Risk Management for the Global Commodities group at Citigroup. As the global head of market risk management, Saji's team monitors and provides global oversight for Citigroup's commodity market risk. He is also the Chief Risk Officer for Citigroup's US swap dealer for commodities. He has been with Citi since 2007. Prior to Citigroup, he worked at BP for 5yrs as the Market Risk Manager for BP's energy trading desks in Houston. He started his career in energy commodities as a structurer for the Natural Gas and Power desk with Enron Corp in their energy trading group. He was with Enron for 5 years. Prior to Enron, he worked for various engineering companies as an Electrical Engineer in the Middle East and India. Saji graduated with an MBA in Finance from the University of Texas at Austin. He obtained his undergraduate degree in Electrical Engineering from Indian Institute of Technology, India. He holds the designation of Chartered Financial Analyst from the CFA institute.
Senior Risk Manager
Krystal Joscelyne, Senior Risk Manager, PDC ENERGY
Krystal Joscelyne oversees the Risk Management department for PDC Energy, an upstream oil and natural gas company. Previously, Ms. Joscelyne was the Director of Finance and Accounting for Aurora Building Company, a boutique construction firm. Prior to that role, she was an independent consultant helping business leaders increase their ability to foresee and navigate risks. Additionally, Ms. Joscelyne worked within various business units of Sempra Energy, a Fortune 250 gas and electric energy company. Within this role, she consolidated their financial plan, quantified financial variability and strategic implications of investment decisions and macroeconomic risks, performed project analysis and prepared expert witness testimony. Ms. Joscelyne also worked on the trading floors of Progress Energy as a quantitative analyst valuing deals and building pricing models.
Ms. Joscelyne has proudly served as the Treasurer on the Board of Directors of Just in Time for Foster Youth and The Grey Muzzle Organization. She currently volunteers in various capacities as a member of the Junior League of Denver.
Ms. Joscelyne holds a Master's of Financial Mathematics, a Master's of Economics, and a Bachelor's of Arts of Economics from North Carolina State University. She is a Certified Professional Risk Manager and an Advisory Board member of NC State's Enterprise Risk Management Initiative.
RICE UNIVERSITY'S JESSE H. JONES GRADUATE SCHOOL OF MANAGEMENT
Vince Kaminski, Professor, RICE UNIVERSITY'S JESSE H. JONES GRADUATE SCHOOL OF MANAGEMENT
Mr. Vincent Kaminski has spent 14 years working in different positions related to quantitative analysis and risk management in the merchant energy industry. The companies he worked for include Citigroup, Sempra Energy Trading, Reliant Energy, Citadel Investment Group, and Enron (from 1992 to 2002) where he was the head of the quantitative modeling group. Prior to starting a career in the energy industry, Mr. Kaminski was a Vice-President in the Research Department, Bond Portfolio Analysis Group, of Salomon Brothers in New York (from 1986 to 1992).
As of September 15, 2006, Mr. Kaminski has accepted an academic position with Rice University in Houston (Jesse H. Jones Graduate School of Business) where he is teaching MBA level classes on energy markets, energy risk management and valuation of energy derivatives. Mr. Kaminski is also teaching classes in the executive education program at the Jones school.
Mr. Kaminski holds an M.S. degree in international economics, a Ph.D. degree in theoretical economics from the Main School of Planning and Statistics in Warsaw, Poland, and an MBA from Fordham University in New York. He is a recipient of the 1999 James H. McGraw award for Energy Risk Management (Energy Risk Manager of the Year). Mr. Kaminski published a number of papers, and contributed to several books, on energy markets. His recent publications in the risk management and commodity options pricing areas include: Managing Energy Price Risk, Risk Books, London 1999, all three subsequent editions, editor and coauthor; The Challenge of Pricing and Risk Managing Electricity Derivatives, in: The US Power Market, Risk Publications, London 1997, author; and Energy Modeling. Advances in the Management of Uncertainty, London 2005, editor and coauthor.
Managing Director, Trading & Commercial
Chief Risk Officer
Novera Khan, Chief Risk Officer, UNIPER
Uniper Chief Risk Officer since February 2016. Before, Novera has been leading the Market Risk department of Uniper Global Commodities since April 2014 and before that led the Gas, Oil & LNG Risk team. Novera has extensive experience in the energy industry and has held various Senior Risk Management positions across multiple markets and companies in the US and Europe.
Head Global Market Risk Gas, Power & Energy Trading
SHELL TRADING & SUPPLY
Stuart Krohn, Head Global Market Risk Gas, Power & Energy Trading, SHELL TRADING & SUPPLY
Senior Data Scientist
Kevin Kindall, Senior Data Scientist, HARTREE PARTNERS
Kevin Kindall is a Senior Data Scientist at Hartree Partners. Prior to joining Hartree, he held front and middle office positions at ConocoPhillips, Enron, and EDF Trading. He has a Ph.D. in Physics from Clemson University, and a Masters in Computational Finance from Carnegie Mellon University, and serves on the Alumni Relations Board for the Tepper School of Business.
Chairman of the Energy Risk Diploma Program, GARP, Principal
LABHART RISK ADVISORS
Glenn Labhart, Chairman of the Energy Risk Diploma Program, GARP, Principal, LABHART RISK ADVISORS
In March 2004 Glenn Labhart formed Labhart Risk Advisors Inc., a corporation providing expertise energy risk management consulting, analytical and business strategy services.
A recognized authority on trading and risk control, Labhart has more than 15 years of experience in the design and implementation of sound risk management processes and policies and has been a leader in helping the industry define today's risk environment and plan for the uncertainties of the future.
Glenn is the first energy-industry risk officer to receive the Financial Risk Manager of the Year Award from the Global Association of Risk Professionals (GARP). Glenn now serves as the Chairman of the Energy Risk Diploma program for GARP and he is also a board member for the International Risk Who's Who Organization.
From August 1997 to March 2004, Glenn was senior vice president and chief risk officer for Dynegy Inc responsible for the corporate risk oversight of the foreign exchange, assets and energy commodities revenue pool. In 2002, he assumed management of the company's credit risk and corporate insurance and, upon the acquisition of Northern Natural Gas Pipeline Company developed the risk management program for transportation and storage services.
While at Dynegy, 2003, Glenn was charged with the development of all risk management applications in the Openlink trading system. This incorporated portfolio design, deal structuring, risk analytics and real time position reporting on an intranet web based solution.
From 2002-2004, at the request of the Dynegy Audit Committee, he conducted internal investigations in concert with outside legal counsel to provide an assessment of industry practices to the Commodity Futures Trading Commission, Securities and Exchange Commission and Federal Energy Regulatory Commission.
During the time period at Dynegy, Glenn led the independent valuation of due diligence for all mergers and acquisitions that included European, Australian, Latin American and US based transactions. As a result of the merger activity, Glenn served as a Board member for subsidiary companies from Dynegy acquisitions.
Prior to joining Dynegy, Labhart was head of risk management at El Paso Energy for energy trading and marketing, and prior the merger with Tenneco Energy the trading control officer. Earlier in his career, he worked for Tricentrol PLC, the Metallgesellscaft Corporation and Neste Oy, the national Finnish oil company.
In these positions he acquired a solid background in physical trading of domestic and international products and formed business liaisons in South and Central America, the UK, Africa, the Middle East and all pipeline and waterborne US regions.
During his trading and risk management career, Glenn was involved in many asset based transactions to include crude oil and refined product storage facilities, crude oil physical transportation, countertrade and trade finance agreements for crude oil and refined products, crude oil processing agreements, refinery acquisition, evaluation of tolling agreements and generation facilities, and corporate merger activities.
His professional affiliations include board memberships with GARP, the Mays Business School at Texas A&M and the Abilene Christian University College of Business Administration Advisory Council. He has also been a representative to the New York Mercantile Exchange (NYMEX) Natural Gas Advisory Committee and a member of the GARP Energy Risk Committee and the DEDMI (Development of Energy Derivative Market in India .
Labhart is a frequent lecturer on risk management issues, and, in particular, the implications of the Sarbanes-Oxley Act to audiences including industry associations, training seminars, MBA programs and universities such as Rice University, Texas A&M University and Columbia University on behalf of the New York Mercantile Exchange.
Glenn holds a B.B.A. from the Abilene Christian University and is a graduate of the Rice University Executive Management Program. He is also a life member of the National Eagle Scout Association.
DYNAMIC COMMODITY MANAGEMENT
Tom Lord, President, DYNAMIC COMMODITY MANAGEMENT
Division Director, Risk Management Group, Compliance
David Louw, Division Director, Risk Management Group, Compliance, MACQUARIE GROUP
Chief Risk Officer
Glen Mackey, Chief Risk Officer, NRG ENERGY
Glen Mackey joins us directly from the front lines of commodity trading and risk management. He is currently the CRO of NRG Energy, a Fortune 300 company headquartered in Princeton, NJ. Mackey was also the Head of Global Risk Management at Nexen Inc, where he managed the international commodity risk associated with Nexen's oil, liquids, gas, and power marketing and trading businesses.
He has 21 years of commercial, and financial management experience within the energy and financial services sectors, cultivated with international industry leaders such as Westcoast Energy, Engage Energy, Duke Energy Marketing, Koch Energy Trading, KPMG, and TD Financial Group.
Academically, Glen has a MBA, undergraduate degree in Finance, and Diploma of Applied Arts in Business Administration.
Glen's professional activities have included membership in the Committee of Chief Risk Officers, the Global Association of Risk Professionals, Professional Risk Managers International Association, Energy Risk Management Association of Canada, Canadian Energy Marketing Association of Creditors, and the International Energy Creditors Association
Chief Financial Officer, North America
Rodney Malcolm, Chief Financial Officer, North America, TRAFIGURA
Rodney Malcolm currently serves as the North American Chief Financial Officer for Trafigura. He joined Trafigura Trading LLC in 2015 and is based in Houston, TX. Rodney has over 20 years of experience in the energy finance and trading industry. Prior to joining Trafigura, Rodney spent over 6 years at CITIGROUP as the Head of Americas Origination. While at Citi he was responsible for building the commodity origination group and integrating it with Citi's capital markets. Before that, Rodney was the Chief Financial Officer at Calpine Energy Services where he raised over $5 billion in, highly structured, high yield and mezzanine capital market transactions. Before that, Rodney spent 8 years at Enron working in their Treasury & Risk Management, Industrial Markets, and Power & Gas Origination departments. Rodney was a Managing Director at Enron when he left the firm. Rodney received his bachelor's degree in Mechanical Engineering from Queen's University in Ontario, and his MBA from the University of British Columbia.
Manager, Risk Analytics
Spyros Maragos, Manager, Risk Analytics, DIRECT ENERGY
SPYROS MARAGOS has more than eighteen years' worth of experience as an energy executive. He has held quantitative, structuring, risk management and fundamental analysis positions. He worked in energy marketing, consulting, for an oil major as well as energy hedge funds. Currently, he is Manager of Risk Analytics for Direct Energy.
Spyros has a Ph.D. from M.I.T. where he studied Management, Operations Research and Finance.
Founding Partner, President and Chief Executive Officer
Thomas McAndrew, Founding Partner, President and Chief Executive Officer, ENCHANTED ROCK
Thomas McAndrew founded Enchanted Rock (ERock) in 2006 and is currently its President and CEO. Mr. McAndrew brings over 30 years of experience in energy asset management ranging from large, complex nuclear plants to small distributed generation.
ERock is responsible for the design, installation and commissioning of 235MW of reliability microgrids and distributed generation (DG) assets, consisting of over 30 locations including 75MW of Reliability Service in Texas for commercial and governmental entities. Currently, ERock has contracted for and started construction on 103 stores totaling 113MW reliability microgrids for HEB, a major grocery store chain, and 10 stores totaling 11MW a microgrids for Buc-ee's, a Texas tradition. We currently operate over 175MW of distributed generation across the state of Texas.
Mr. McAndrew's introduction to energy was in engineering and operations on two US Navy nuclear power surface ships, the USS Eisenhower and USS South Carolina. He spent six years operating and maintaining nuclear propulsion plants and qualified as a Naval Nuclear Chief Engineer for the Nimitz Class aircraft carrier. After his time in the US Navy, McAndrew worked as a maintenance support engineer for the Southern Company at their Plant Farley nuclear power station. His grounding in reliability systems came from this time in the nuclear business, where the cost of loss of electricity to critical loads is extremely high. He then shifted to the financial side of energy, helping several energy merchants build highly profitable trade floors. At his last merchant energy company, Calpine, Mr. McAndrew also supervised the commercial startup of many new natural gas combined cycle power plants.
Mr. McAndrew received a Bachelor of Science in Mechanical Engineering from Texas A&M, Masters Equivalent in Nuclear Power Operations from the US Navy and Master in Business Administration from Harvard Business School.
Head of Commodity Risk for Natural Gas, Valuations
BP ENERGY COMPANY
Sarah McDowell, Head of Commodity Risk for Natural Gas, Valuations, NAGP, BP ENERGY COMPANY
Originally from Chicago, Sarah McDowell began her career in Internal Audit in the financial services sector before joining BP in 1999 where she helped establish an exposure model and hedging program for the Oil Supply business. Since then, Sarah has held a number of Commodity Risk leadership roles within the trading organization with a career spanning multiple commodities as well several geographies including London, UK and Calgary, AB. Sarah moved to Houston with her family in 2012 and is currently the Head of Commodity Risk for the North American natural gas trading business. Through the course of her tenure with BP, Sarah has worked with several ETRM systems and has been actively involved in a number of system transformation and implementation initiatives. Sarah holds a Bachelor's of Science in Finance from DePaul University and also holds her Certified Internal Auditor designation.
Branch Chief, Office of Enforcement
Jay Matson, Branch Chief, Office of Enforcement, FERC
Jay Matson is a Branch Chief in the Office of Enforcement, Division of Investigations at the Federal Energy Regulatory Commission, managing a team of approximately ten individuals that investigate alleged instances of non-compliance with FERC-related laws, regulations, and tariffs. Previously, he served as the lead OE-DOI attorney in similar investigations. Prior to joining FERC, as an attorney at various firms, he represented investor-owned utilities, project developers, public power entities, state commissions, regional organizations, and others on a broad array of issues arising throughout the United States related to the regulation of electric utilities, natural gas pipelines, and hydroelectric projects, as well as the development of wind and nuclear projects.
Chief Compliance Officer
Tim McKone, Chief Compliance Officer, CITIGROUP ENERGY
Tim McKone has 25 years of commodity market experience in Front, Mid and Back Office roles with wholesale traders, merchant generators, banks and majors. Tim started his career in Compliance in 2003 and was one of the first regulatory compliance officers in the U.S. wholesale trading marketplace. Tim combines a detailed understanding of the underlying mechanics of physical and financial commodity transactions with in-depth knowledge of the letter and intent of the rules that govern these transactions to help mitigate the risk of non-compliance. He is currently Chief Compliance Officer for Citigroup Energy Inc. Tim has a BA in History from Williams College and a Masters in Accounting and Masters in Taxation from Northeastern University. Tim is a member of New England Patriots Nation, but does not publicize this for obvious reasons.
Senior Vice President, Director, International Law & Global Trading
Marc Merrill, Senior Vice President, Director, International Law & Global Trading, UNIPER
Marc Merrill is currently the head of the international team of lawyers responsible all legal issues related to the Uniper Group's global trading activities. Prior to his current role, Marc was Senior Legal Counsel and Chief Compliance Officer at Uniper Global Commodities North America LLC, where he was responsible for all legal, regulatory and compliance issues related to the establishment and operation of the new North American trading arm of E.ON SE. Marc has extensive experience with issues concerning the marketing, trading and financing of power, natural gas, oil, coal, LNG, weather, and environmental commodities. He has a particular understanding of the issues impacting a company active in the international energy and commodity markets, including US and European regulation and the structuring and financing of cross-border transactions.
Prior to his in-house work with E.ON, Marc was in private practice in Munich, Germany and Baton Rouge, Louisiana. He received his Juris Doctorate and Bachelor of Civil Law degrees from the Paul M. Hebert Law Center at Louisiana State University and his Bachelor of Arts from the University of Texas-Austin. He also studied law in Germany and France. He is fluent in German.
Head of Markets Regulatory Implementation
Caroline Pham, Director, Head of Markets Regulatory Implementation, CITIGROUP
Caroline D. Pham is a Director and Head of Markets Regulatory Implementation in Citi Global Markets and Securities Services Independent Compliance Risk Management. She leads the coordination and oversight of U.S regulatory change management and global impact. In addition, Caroline provides strategic and advisory support for Citi's Swap Dealers and the Citi Volcker Compliance Program, including the development of global policies and procedures and design of comprehensive enterprise-wide compliance programs.
Caroline is a member of various governance forums and advises senior management and the business, control functions, and other stakeholders on regulatory matters. Caroline represents Citi on the SIFMA Swap Dealer Committee and the SIFMA Swap Dealer Compliance Roundtable, and regularly participates in industry and trade association working groups.
Prior to joining Citi in 2014, Caroline practiced law in Washington, DC, most recently serving as Special Counsel and Policy Advisor to former CFTC Commissioner Scott O'Malia. She was also a Visiting Fellow at the George Washington University Center for Law, Economics and Finance. Currently, Caroline serves as a Business and Finance Law Advisory Board member of the George Washington University Law School and vice chair of the Securities, Capital Markets and Derivatives Subcommittee of the American Bar Association (ABA) Banking Law Committee. She is also co-chair of the ABA Business Law Fellows Program.
Caroline received her BA from UCLA and her JD from the George Washington University Law School, and was awarded the Manatt-Phelps Scholarship for excellence in banking law.
Managing Director, Strategy and Risk Management
Tuncay Pekin, Managing Director, Strategy and Risk Management, AES CORPORATION
Tuncay Pekin is the Managing Director, Strategy and Risk Management for AES Corporation. Tuncay has over 25 years of international experience in executive leadership, risk and commercial management in multinational corporations including Fortune 100 companies.
During his career, he has successfully established multiple company-wide risk management frameworks for both public and private companies in the United States. His experience covers commodities, power, foreign exchange, interest rates and credit. His areas of expertise include portfolio risk management and analytics, risk quantification and risk metrics, hedge optimization, large-scale Monte Carlo simulation systems and risk management policies.
Tuncay earned his Ph.D. in Management Engineering with a concentration in Mathematical Finance from the Istanbul Technical University, Turkey. He graduated from Bogazici University in Istanbul with a M.A. in Economics and a Bs.c. in Mechanical Engineering.
Nigeria Poole Bloczynski
Head of Corporate Risk Management
Nigeria Poole Bloczynski, Head of Corporate Risk Management, WGL
Nigeria Bloczynski is the Head of Risk Management at WGL. Mrs. Bloczynski is responsible for implementing WGL's enterprise risk management strategy and also managing the company's exposure to market, credit and other financial risks of the various trading portfolios. WGL sells and delivers natural gas and provides energy-related products and services through its utility and non-utility business segments. She joined WGL in 2008 and has previously served in risk management and quantitative roles in both the energy and financial industries. Prior to joining WGL, she worked in structured securities for at Wells Fargo and Fannie Mae.
Mrs. Bloczynski earned a Bachelor of Science degree in Theoretical Mathematics from Morgan State University and a Master of Business Administration with a concentration in finance from Johns Hopkins University.
Vice President Risk Control, Chief Risk Officer
THE ENERGY AUTHORITY
Malinda Prudencio, Vice President Risk Control, Chief Risk Officer, THE ENERGY AUTHORITY
As The Energy Authority's vice president of risk control and chief risk officer, Malinda Prudencio is responsible for monitoring all commercial business risk and managing the Credit and Risk Control, Compliance, Analytics, and Power Supply Planning Departments. She and her team oversee the administration of TEA's compliance procedures and perform ongoing maintenance of TEA's Risk Management Policy.
Ms. Prudencio originally joined TEA's front office in 1998. In 2001, she transitioned to the credit and risk management teams where she progressed through a variety of middle office positions. She helped develop the first regulatory compliance program at TEA and continues to play an integral role in the implementation of strategies and policy to monitor market, credit, and operational risk for TEA and its clients.
Ms. Prudencio earned a master's degree in business administration from the University of North Florida and a bachelor's degree in business administration from the University of Florida. She is a board member of the Committee of Chief Risk Officers and has been featured as an industry presenter on risk control best practices and training.
Head of Products, Growth and Marketing
HUDSON ENERGY, A JUST ENERGY COMPANY
Head of Emissions and Renewable Energy
Adam Raphaely, Head of Emissions and Renewable Energy, MERCURIA
Director of Financial Services
Jonathan is the Director of Financial Services practice at RStudio and the author of Reproducible Finance with R: Code Flows and Shiny Apps for Portfolio Management (CRC Press). He writes the Reproducible Finance blog series for RStudio and his code/apps can be seen at reproduciblefinance.com. Prior to joining RStudio, he worked at JP Morgan. He studied international relations at Harvard University and did graduate work in political economy at Emory University
Global Head of Product Management
Managing Director, Head of IT
CASTLETON COMMODITIES INTERNATIONAL
Director, Energy Marketing Compliance
THE ENERGY AUTHORITY
William Rust, Director, Energy Marketing Compliance, THE ENERGY AUTHORITY
William Rust works as the Compliance Director for The Energy Authority, a Public Power marketing and trading company that transacts power, natural gas and other energy commodities throughout the United States. As Compliance Director, Mr. Rust is responsible for overseeing The Energy Authority's compliance with FERC and CFTC regulations as well as the management of the internal compliance program which includes regular interface with both state and federal regulatory bodies.
Mr. Rust has held engineering and wholesale marketing positions at one of the largest public power utilities in the United States. Mr. Rust has also held positions at two international energy marketing organizations in various trading, operations, and regulatory roles. Mr. Rust has been involved in wholesale energy marketing and trading since the advent of market-based wholesale power transactions with the issuance of FERC Order 888/889 in 1996.
Mr. Rust holds a Bachelor of Science degree in Electrical and Computer Engineering, and an MBA, both from the University of South Carolina.
Aftab Saleem, Principal, AIGLE
Aftab is an accomplished Senior Executive with demonstrated success across the oil and gas and technology industries. Leveraging extensive experience in risk management, product development and analytics for oil and energy companies, he is a valuable asset for energy, alternative energy, and technology companies of all sizes. Throughout his executive career, Aftab has held leadership positions with World Fuel Services, Allegro Development, and Deloitte Consulting.
In his most recent role as Business Intelligence Officer and Transformation Specialist of Supply and Trading with World Fuel Services, he proved instrumental in deployment of global supply and trading ETRM product roadmap strategy, and straight through processing platform for the company to enable profitability and growth.
In a prior role as Vice President of Enterprise and Derivative Risk with World
Fuel Services, he managed development of a scalable risk framework to accommodate expanded supply and trading activity. He presented risk control metrics to the company board and defined the policies to govern the company's market, credit, and cash risk as well as regulatory compliance and financial reporting.
Aftab holds a BS in Electrical Engineering, as well as a MBA, both from the
University of Texas at Austin.
Chief Operating Officer, Energy
Markus Seiser, Chief Operating Officer, Energy, FIS
Dr. Markus Seiser is chief operating officer for the energy business in our Global Financial Services business at FIS. Based in Vienna, Markus is responsible for helping clients streamline and digitalize their trading and operations in the energy and commodities markets.
Markus previously worked for Landis&Gyr, a large Swiss company that is now owned by Siemens, in the area of network management and optimization as a project engineer and project manager. He was founder and later CEO of European energy solution provider IRM (Integriertes Ressourcen Management), where he was responsible for establishing the product and project management teams, focusing on physical trade and risk management; defining the product strategy; and developing the IRM trading software. In 2007, IRM was acquired by OpenLink, and Markus became managing director of OpenLink's EMEA region in addition to his ongoing responsibilities as CEO of the IRM subsidiary.
Markus majored in electrical engineering at the Graz University of Technology in Graz, Austria and holds a Ph.D. from the Technical University in Vienna as well as two post-graduate degrees in economics and social science.
Modeling and Analytics Leader
Akshay Singh, Modeling and Analytics Leader, GE CAPITAL
Akshay Singh has been associated with strategy, corporate development and risk management in the energy industry for 20 years. He has worked at project finance, marketing, trading and analytic services firms.
Director of Commodity Research
Managing Director, Head of Global Energy & Commodities – Trade & Structured Finance, Americas
Managing Director and Head of Global Energy & Commodities, Trade & Structured Finance - Americas at Natixis Corporate & Investment Banking. Enthusiast for tech all things Fintech and Blockchain related.
Mr. Stevens joined Natixis in New York in August 2011. He specializes in Commodity Trade and Structured Finance and leads a commodity bankers team comprised of industry veterans. The team covers a wide range of sectors in the Americas, including Energy (Oil, Gas & Power), Metals (base and precious metals) and Agricultural products. The group has developed a strong expertise in physical commodity merchant finance and does focus on structured commodity finance solutions (syndicated Borrowing Base facilities, Structured Inventory/Repo financings, pre-export financings and Mining finance).
He has more than 20 years of experience in Corporate and Investment banking with a demonstrated track record in trade and structured commodity finance, debt & equity capital markets and asset-based financings. He has spent the majority of his career at Natixis and its legacy companies, and has held a number of senior management positions in the Natixis Group.
Arnaud graduated from Institut d'Etudes Politiques (Sciences Po) Paris and Stanford University Graduate School of Business.
Director, Risk Analytics
Haibin Sun, Director, Risk Analytics, EXELON CORPORATION
Chief Risk Officer
BP ENERGY COMPANY
Gary Taylor, Chief Risk Officer, BP ENERGY COMPANY
Gary Taylor is Head of Commodity Risk for BP's NAGP commodity trading unit and Chief Risk Officer for BP Energy Company, a registered swap dealer under Dodd Frank, with headquarters in Houston, TX. BPEC and NAGP participate in a variety of domestic and global commodity markets including natural gas, power, NGLs, chemicals, and emission credits.
Prior to BP, Gary was a Director in KPMG's Financial Risk Management consulting practice, Controller of a capital markets hedge fund, Head of Origination and Structuring for Enron's Weather Derivatives desk, a Market Risk Manager at Enron, and to start his career, an auditor and consultant with one of the Big 8 Accounting firms.
Gary holds a Bachelor of Science degree in Industrial and Labor Relations from Cornell University (‘92) and received his CPA license in NY State in 1996
Director, Compliance, FX, Commodities & Regulatory Change
Sidney Vidaver, Director, Compliance, FX, Commodities & Regulatory Change, TD SECURITIES
Director, ERM Analytics
Director, Energy Portfolio Risk Management
Alex Zhukovsky, Director, Energy Portfolio Risk Management, NATIONAL GRID
Dr. Zhukovsky has worked as a "quant", a manager, and a director of Energy Portfolio Risk Management at National Grid for more than ten years. He also has been serving as a chair of Commodity Management Committee and a Director of Quantitative Risk and Financial Reporting. Dr. Zhukovsky specializes in applying advanced mathematical and computational techniques to the real-world energy risk problems, developing risk reporting, advanced risk metrics, and valuation models. He played a key role in three Energy Risk Management and two Data Management System implementations. Before joining National Grid, he worked as an adjunct professor at SUNY at Stony Brook and an analyst/software developer for firms specialized in scheduling, dispatching, and supply chain optimization. He holds advanced degrees in Applied Mathematics and Management and Policy.
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American energy markets. Nodal Exchange is a leader in innovation, having introduced the world's largest set of electric power locational (nodal) futures contracts. Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers a Henry Hub natural gas contract providing cross-margining benefits with participant's power portfolios. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC.
Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth, aiming to be the trusted partner for its clients, committed to the positive transformations of society and the economy.
Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 147,000 members of staff in 67 countries and supports on a daily basis 31 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses:
- French Retail Banking, which encompasses the Societe Generale, Crédit du Nord and Boursorama brands. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation;
- International Retail Banking, Insurance and Financial Services to Corporates, with networks in Africa, Russia, Central and Eastern Europe and specialised businesses that are leaders in their markets;
- Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions.
Societe Generale is included in the principal socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low Carbon Leaders Index.
For more information, you can follow us on twitter @societegenerale or visit our website www.societegenerale.com
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions-underpinned by the world's largest delivery network-Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 435,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
ClipperData, headquartered in New York City, holds exclusive partnerships with the U.S. Customs & Border Protection and Inchcape Shipping Services, the world's largest port agent. ClipperData offers the industry's most comprehensive database of waterborne - oceangoing, inland barge, ship-to-ship and floating storage - flows of all crude oil and petroleum products worldwide. ClipperData delivers unrivalled real-time transparency: by ship, grade, API gravity, volume, load/discharge port and dock, along with consignee information.
FIS™ is the world's largest global provider dedicated to financial technology solutions. FIS empowers the financial world with software, services, consulting and outsourcing solutions focused on retail and institutional banking, payments, asset and wealth management, risk and compliance, trade enablement, transaction processing and record-keeping. FIS’ more than 53,000 worldwide employees are passionate about moving our clients’ business forward.
Openlink (www.openlink.com), an ION Investment Group company, provides award-winning solutions for trading, treasury and risk management to serve energy companies, commodity-intensive corporations, and financial services institutions-on-premises and via the Openlink Cloud.
Allegro is a global leader in commodity trading and risk management software for power and gas utilities, refiners, producers, traders and commodity consumers, providing position visibility, risk management, comprehensive controls and regulatory compliance. With more than three decades of industry experience, Allegro’s enterprise platform drives profitability and efficiency across front, middle and back offices, while managing the complex logistics associated with physical commodities.
Headquartered in Dallas, Allegro has offices in London, Singapore, Calgary, Dubai, Houston, Jakarta and Zurich, along with a global network of partners.
Beacon is the only vendor of trading and risk management tools that provides clients with a best-in-class infrastructure solution and transparency into its source code. Beacon's end user applications are integrated within a proven enterprise development platform, giving the business maximum flexibility to pivot quickly as opportunities and requirements change.
Beacon CTRMS provides physical and financial commodity traders with a suite of unrivalled powerful end-user applications built on top of Beacon Standard and combined in a single comprehensive toolkit. Leveraging our experience in building and deploying enterprise technology at some of the largest and most successful financial institutions in the world, we designed Beacon to provide the right blend of rigorous controls, agility, and scale.
Founded in 1987, FENICS quickly became the industry standard pricing tool for FX options. FENICS has more than 29 years' experience of providing intuitive solutions for the FX derivatives market spanning from pre-trade analysis, risk management, automated client price distribution, and post trade processing. The full range of API's facilitate connectivity to third parties and bespoke front end solutions.
FENICS is a subsidiary of BGC Partners, Inc. (NASDAQ:BGCP), a leading global brokerage company servicing the financial and real estate markets. FENICS ProfessionalTM is licensed for use at over 350 client sites worldwide. FENICS operates from offices in London, New York, Hong Kong, Singapore and Tokyo.
Automation positively transforms the lives of people and business. ION is reinventing the way business is done through innovations in automation technology. Our software improves decision-making, increases efficiency, simplifies complex processes, and empowers people.
We’re transforming the world of commodities through innovation. Wherever you are, and whatever industry you’re in, ION Commodities solutions put you in complete control – from procurement and trading all the way through risk management and delivery. That’s why many of the world’s biggest and best-known companies are partnering with ION to sharpen their decision making and boost their productivity.
No one understands commodities management like we do, and no one can meet your needs like we can. Discover what we can do for your commodities business today.
Pioneer Solutions is a global provider of award-winning C/ETRM, environmental management and financial and regulatory compliance solutions. Since 2003, Pioneer has been serving some of the largest energy companies, utilities and midstream producers in the US and Europe. Pioneer's innovative and flexible solutions have been organically built for rapid implementation and superior services at an overall lower cost of ownership. Pioneer's suite of ETRM solutions are based on its web-based FARRMS platform and offer comprehensive front, middle, and back office process management for both physical and financial trades of all asset classes and commodity types. Developed from the back to the front, resulting in industry-leading data processing and reporting capability, Pioneer's modern easy-to-use applications deliver ready "out-of-the-box" or tailored functionality designed for ease of implementation and integration with existing systems. With a user-configurable environment for less reliance on vendor services, and with deployment options including a true-cloud solution, Pioneer offers a fresh alternative to legacy C/ETRM systems
SAS is the leader in analytics. Through innovative analytics, business intelligence and data management software and services, SAS helps customers at more than 80,000 sites make better decisions, faster. We help organizations turn large amounts of data into knowledge they can use, and we do it better than anyone. It's no wonder an overwhelming majority of customers continue to use SAS year after year. We believe it's because we hire great people to create great software and services.
Since 1976, SAS has been giving customers around the world THE POWER TO KNOW®.
KWA Analytics is a unique consultancy with a sole purpose of providing industry leading Openlink solutions. At KWA we believe in delivering the highest quality solutions to our clients, and our commitment to client fulfilment is core to our company values.
We provide a range of solution and service offerings including market, custom and reporting solutions to help clients implement, extend and utilize the full potential of the Openlink product. Our consulting, audit, training, automated testing, support and technical services provide clients with access to expertise to help them improve and optimise their Openlink implementation and solve their most complex and challenging issues.
With teams in Europe, the Americas and India we work with clients globally, and have implemented and provided bespoke Openlink solutions to commodity traders, insurance companies, investment banks, oil and gas majors and utilities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $201 billion in assets under advisement and management as of March 31, 2018. The company has operations in 27 countries.
모닝스타는 북미, 유럽, 호주, 아시아에서 활동하고 있는 독립적인 리서치 회사입니다. 개인투자자, 금융 자문사, 자산 운용사, 퇴직플랜 사업자와 스폰서 및 사모시장의 기관 투자자들을 위하여 다양한 상품과 서비스를 제공하고 있습니다. 모닝스타는 실시간 글로벌 시장 데이터를 비롯하여, 주식, 펀드, ETP, 사모펀드 또는 이와 유사한 상품에 대한 데이터와 리서치 정보를 제공하고 있습니다. 또한 2017년 12월 말기준 1950억 달러 이상의 자금을 운용하는 자문계열사를 통해 자산관리 서비스도 제공하고 있습니다. 현재 모닝스타는 27개국에 오피스를 운영 중입니다.