WestLB adds to London Energy team

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02 July 2009

WestLB has appointed a new executive director in its London global energy team.

WestLB has appointed Citi’s Alexis Ulens as an executive director in its London global energy team.

Ulens will report to Susana Vivares, managing director and co-head of EMEA energy markets.

Ulens spent almost...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%