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Freepoint Commodities, a merchant trading firm formed last year by the founders of Sempra Energy Trading, has hired has hired a pair of senior energy traders in London.
Rakesh Patel, a gas trader at Citi in London, is set to join Freepoint this summer as a cross-commodities trader. Meanwhile, Marek Jordan, a power trader at Vattenfall Energy Trading, joined Freepoint last week as a continental power trader.
Jordan is the second Vattenfall trader to join Freepoint in London in recent weeks. In March, Alex Claude joined Freepoint as head of coal.
Jordan spent six years at Vattenfall, primarily trading the German power market.
Patel joined Citi at the beginning of last year. He previously worked for J.P. Morgan, RBS Sempra Commodities and Sempra Energy Trading.
Other recent hires at Freepoint in London include Daniel Mulder, a carbon trader; Friederike Brandt, head of European operations; Renata Frankova, director and head of central and eastern European power trading; Thomas Nilsson, head of Nordic power trading; and Monika Halasa, responsible for short-term power trading and scheduling.