Deutsche Bank has opened a new office in Calgary to provide energy derivatives advice and execution to corporate clients.

The bank’s Calgary team initially will consist of Howard Sangwine and Grant Oh, who will tailor risk management solutions for natural gas, crude oil and oil products to producers and consumers in Canada and the western United States.

Prior to joining Deutsche Bank, Sangwine and Oh were senior members of the Enron Canada energy derivatives team. Sangwine has 12 years experience in the financial markets spanning commodities, interest-rate derivatives, corporate bonds and foreign exchange at Toronto Dominion and CIBC. Oh previously taught at the University of Calgary and ran an independent consulting business. Both will report to Scott Kerson, Head of Commodities Sales in the Americas.

“Howard and Grant both have excellent reputations with clients in the energy sector,” said Charlie Von Arentschildt, head of Global Markets in the Americas. “Their knowledge and experience, combined with Deutsche Bank’s global strength in commodities and derivatives, will be a tremendous resource for our clients.”

“This addition demonstrates Deutsche Bank’s growth aspirations in the energy markets and builds on our solid foundation in Western Canada,” said Paul Jurist, head of Deutsche Bank’s Canadian operations.