Expands Leadership Team, Expertise Level to Better Serve Clients
HOUSTON – (May 30, 2013) — Choice Natural Gas, a subsidiary of independent interdealer broker OTC Global Holdings (OTCGH), announced today the addition of Nicholas Ernst as director of weather markets.
In this role, Ernst will facilitate global transactions for standard exchange traded products and highly structured transactions that combine both weather and commodity risk and complex weather variables.
“Choice Natural Gas and OTC Global Holdings have given me a new platform to expand my 11 years of weather markets experience,” said Ernst. “The companies’ commitment to growth and success, as well as their focus on maintaining boutique-style operations through partnerships creates a unique environment of collaboration that I’m glad to be a part of.”
Prior to joining Choice Natural Gas, Ernst worked as the director of weather and catastrophic risk markets at Evolution Markets for more than 10 years. He also served in management roles at Enron and Bethlehem Steel.
“The addition of Nicholas to the Choice Natural Gas team reinforces our commitment to hiring professionals who understand the complex needs of our clients and can deliver the value added services required by today’s rapidly evolving market,” said Javier Loya, Chairman and CEO of OTC Global Holdings, the parent company of Choice Natural Gas. “His hiring is also another example of how our aggressive business model, which is focused on bringing top-tier talent with
niche expertise to our teams, further widens the gap between OTCGH and our competitors.”
Ernst is a graduate of Lafayette College, where he received degrees in engineering and economics.
About OTC Global Holdings
Formed in 2007, OTC Global Holdings is headquartered in Houston and New York, with additional offices in Chicago, Jersey City, London and Louisville. It is a leading independent interdealer broker in over the counter commodities and the largest liquidity provider to CME ClearPort and ICE Clear U.S. Through its subsidiaries the company holds a dominant market share in the U.S. and Canadian natural gas markets, the U.S. power markets, crude oil and crude oil options, crude oil products and crude oil product options, agricultural and soft commodities, as well as structured weather and emission derivatives. The company serves more than 250 institutional clients, including 45 members of the Fortune 500, and transacts at over 150 different commodity delivery points. To learn more about the company, please visit www.otcgh.com or go to http://bit.ly/OTC.