Nicholas Ernst, a high-profile figure in the weather risk management market, is joining Choice Natural Gas, a subsidiary of independent interdealer broker OTC Global Holdings, as its new Director of Weather Markets. Ernst spent ten years at weather broking focused Evolution Markets during which period he also served some time on the Weather Risk Management Association’s Board of Directors.
In his new role at Choice Natural Gas, Ernst will be responsible for facilitating global transactions for standard exchange traded weather products as well as 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,” commented 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.”
Ernst spent ten years with Evolution Markets, in which time he worked as the director of weather and catastrophic risk markets. Prior to that 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 to 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.”