Global Risk Management Adds Two to Denmark Trading Team

by Ship & Bunker News Team
Monday August 17, 2015

Denmark-based Global Risk Management hasannounced it has added two new traders to it's office in Middlefart, Denmark.

Michael Korsager Nielsen will be joining their Middlefart office as Senior Trader, and Nicholas Foo has been transferred to the Unitrading team from Global Risk Management's Singapore office to fulfill the role of Trader.

While Global Risk Management notes that Unitrading is a separate business unit within Global Risk Management, which focusses on optimising paper hedge prices, both Foo and Korsager Nielsen are part of Middelfart's trading team, headed by Mads Hemmingsen.

Korsager Nielsen and Foo will assist the Oil Risk Managers in Copenhagen, Singapore, and Middelfart with their daily business of "advising and selling customised fuel trading and risk management solutions," explained the company's statement.

"In addition, the team assists our parent company, Bunker Holding, in obtaining optimal paper hedge prices through increased trading flow with clients worldwide."

Korsager Nielsen, 43, who is said to have more than 15 years of experience in trading currencies and financial derivatives, having most recenetly worked as Head of Oil and Derivatives Trading in a large multi-national bunker trading company.

Foo, 28, is said to have joined Global Risk Management in April 2014, having worked with the Singapore sales team until this summer when he relocated to join the Middlefart trading team.

"I am glad to welcome both Michael and Nicholas to the trading team; they bring experience and exceptionally good technical and analytical skills and I am confident that they will contribute to continued solid growth and expansion in our company," says Hans Erik Christensen, Managing Director at Global Risk Management.

In June, Global Risk Management reported "solid" financial results for the fiscal year from May 2014 to April 2015, adding that it has had to hire new employees and set up a separate trading unit dedicated entirely to optimising prices for clients in order to keep up with the demand.