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Freepoint Commodities has hired a pair of crude oil traders in its newly established Calgary office.
The new hires are Ken Krug and Igor Shimonov.
Krug joins Freepoint from J.P. Morgan.
Prior to joining J.P. Morgan in 2010, Krug was head of U.S. and Canadian oil trading at Goldman Sachs.
Krug’s previous employers include Oxy Energy Canada, Inc., a subsidiary of Occidental Petroleum; and Suncor Energy.
Shimonov was previously a director of natural gas and crude oil trading at RBS Sempra Commodities in Calgary.
Before joining Sempra in 2007, he was a director in the energy derivatives trading group at Nexen.
Separately, Freepoint recently established an office in Portland, Ore., as first reported by SparkSpread on Feb. 17.