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Global Risk Management expands presence in Europe

Rapid growth and strategic focus are the main reasons for opening a new office in Paris.

Global Risk Management has continuously increased trading activities and client portfolio since the foundation of the company in 2004. The company provides customised fuel hedging solutions to companies around the world and has offices in Copenhagen, Middelfart, Singapore and Paris.

Managing Director, Hans Erik Christensen comments on the new office: “Our strategic focus has been to establish an office in the Southern part of Europe. After thorough analysis we chose Paris as the ideal location for such an office and we trust that we have hired the right team to head it and expand our activities in the area even further.”

Along with increased physical presence in the area, Global Risk Management is looking into potential synergies of expanding the product portfolio to include other energy-related commodities like for example emission, natural gas, coal or power. The Paris-based team has extensive experience in this field and expectations are that within the next year, more products and services will be provided to clients both in Europe as well as other parts of the world.

Paris is an important financial hub and by opening office in the French capital, Global Risk Management has easy access to qualified employees when activities expand. The current team in Paris includes some highly qualified energy commodity traders who have held senior positions in the business for many years.  

Like Global Risk Management’s other European offices, the office in Paris will be registered under the rules of the Markets in Financial instruments Directive (MiFID) and adhere to the policies and regulations of the FSA as is required for trading financial products like e.g. oil derivatives.

Details on the new Paris office:

A/S Global Risk Management Ltd. Investment Firm
Spaces Opera Garnier, 7. Rue Meyerbeer, 4th floor, 75009 Paris, France
E-mail: paris@global-riskmanagement.com

About Global Risk Management:

Global Risk Management is a leading provider of customised hedging solutions for the management of price risk on energy expenses. With our thorough knowledge of the energy markets, we help clients protect their margins from the risk posed by notoriously volatile energy prices. A large part of our clients operates within shipping, airlines, oil suppliers and industrial segments and make extensive use of Global Risk Management’s expertise.

Contact:

 For further information and a management interview, please contact:

Jette Jørgensen, Marketing Communications Manager
Phone: (+45) 6037 3977 - E-mail: jfj@global-riskmanagement.com