Ex-Credit Suisse bankers founding energy risk advisory firm

Former head of power trading joins at least one ex-colleague to found Scoville Risk Partners

Glen Swindle, former head of power trading at Credit Suisse in New York, is joining at least one of his ex-colleagues at the Swiss bank to found an energy risk advisory firm named Scoville Risk Partners.

Scoville, named after the famous chilli pepper heat scale, will look to engage in risk advisory, as well as directly helping energy market participants with their structuring, pricing and hedging activities. The firm will be based in New York and does not intend to take on any principal risk, according to sources close to the matter.

Swindle will become a founder and managing partner at the firm, alongside Greg Sticka, a former originator in Credit Suisse’s energy business in New York. The two left the firm in July amid several other high-profile departures from the bank, which are also said to include Guillaume Malle, the bank’s New York-based global head of energy origination.

Credit Suisse did not respond to requests for comment on the matter.

Prior to becoming head of power trading at Credit Suisse in 2008, Swindle served as the bank’s co-head of natural gas and power trading. He previously served at various energy and financial firms, most recently as a managing director at Baltimore-based Constellation Energy, where he ran the strategies group.

Swindle is active in academic circles, having lectured at New York University from 2007 until last year. In July 2002, Energy Risk’s predecessor EPRM published a paper by Swindle and two co-authors, entitled Modelling weather-sensitive electrical loads.

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