ALBUQUERQUE, NM, Jan. 6, 2009 -- UtiliPoint® International Inc. announced the launch of CommodityPoint, a new global division focused on providing Commodity Trading & Risk Management (CTRM) research, analysis and consulting services. CommodityPoint's services are designed to provide insight into business issues, trends, processes and technology; enabling energy companies, banks, brokers, funds, investors, utilities, and vendors to enhance their competitive position and support critical business decisions.
>> More details about CommodityPoint's offerings
The new CommodityPoint division will be headed by two seasoned analysts in the field -- Dr. Gary M. Vasey (Europe) and Patrick Reames (North America) -- and supported by a research and marketing staff based in its Brno, Czech Republic office, with additional support from UtiliPoint's experts accross the United States. CommodityPoint will consolidate the UtiliPoint's Trading & Risk Management and Commodity Markets practices and will be well-positioned to provide global perspectives and reach from its Houston, Texas and Czech Republic locations.
"As we have grown the UtiliPoint presence in Trading & Risk Management both in North America and in Europe, our clients have asked us to entertain the broader commodity markets as many times the research and analysis we are doing applies to both, not just the utility or energy aspect of the industry," said Jon T. Brock, President & COO of UtiliPoint International. "Combining the seasoned experience of both Dr. Vasey and Mr. Reames to be focused on Commodity Trading & Risk Management is a welcomed move not only for our clients, but also for the market as a whole."
CommodityPoint will continue to conduct market-leading proprietary research, covering not only energy, but also the wider commodities markets; the results of which will be leveraged by the group's analysts in the provision of expertise market analysis and other services.
"Energy trading has merged with other commodities over the last year or so and we believe that our focus should now be on the broader commodity trading arena albeit with a strong continuing energy emphasis," said Dr. Vasey. "CommodityPoint will afford us the ability to be more focused on global commodity trading and risk management issues as we seek to build a world class brand for premier analyst and consulting services for our current and future clients."
"CommodityPoint is a response to our customers', and the market's, need for a more holistic view of wholesale commodity trading. Energy trading and risk management has, for many, evolved into commodity trading and risk management," said Patrick Reames. "Combining the skills and assets of our two practice areas will afford Gary and I the opportunity to better service our existing clients and meet the needs of those in the market seeking to better understand the trends and issues they're facing as they move forward in a very dynamic, and increasingly globalized, market."
UtiliPoint® International Inc. is a leader in providing analysis and consulting services to the energy and utility industry.
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