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Derivatives

Trafigura Hires Duke Originator

Riccardo Bortolotti, v.p and head of European origination at Duke Energy International in London, has joined Trafigura Group as part of the energy firm's push into originating structured products.

Riccardo Bortolotti, v.p and head of European origination at Duke Energy International in London, has joined Trafigura Group as part of the energy firm's push into originating structured products. He will focus on European gas and power origination.

The move underscores Trafigura's newfound interest in the power and natural gas sectors.

Last year the Lucerne, Switzerland, headquartered commodity trading company hired David Mooney, formerly global head of commodities at Bank of America in New York, to build a power and natural gas trading business. Bortolotti said Trafigura wants to grow a team of power gas originators and increase the firm's presence in the energy derivatives market.

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