Merrill Lynch today announced it has established an office in Oslo, Norway, focused on commodities trading. A team of three trading professionals have relocated from Merrill Lynch in London and will be responsible for expanding the firm’s existing coverage of Nordic power markets.
The three-man team is led by Georg Artmann who is joined by Knut Stensrod and Adam Ek.
“This is an important development for Merrill Lynch’s commodity business,” said Rupen Tanna, Managing Director, Co-Head EMEA Commodities. “It brings us closer to our Nordic clients and expands our footprint in the EMEA region.”
Merrill Lynch participates in the wholesale energy and energy commodity-related trading markets of the UK and continental Europe through Merrill Lynch Commodities (Europe) Limited (MLCE). MLCE is FSA registered and is involved in the wholesale trading of UK and European Natural Gas, UK and European Power, Financial and Physical Crude Oil and Refined Products, Financial and Physical Coal, Freight, Exotic Products and Commodity Indices, Emissions and Weather Derivatives. Other commodities, such as Agricultural Commodities, Base and Precious Metals are traded through Merrill Lynch International, an FSA registered affiliate.
