Freepoint At-A-Glance

In short: in it for your long-term trust.

  • We manage physical trading from the point of production.
  • We leverage valuable strategic relationships that add efficiencies to client transactions —through an established presence in logistics and marketing.
  • Our roots stem from the successes of Sempra Energy Trading— and the equity support of Stone Point Capital.
  • We are agile. Committed. We have “boots on the ground.”
  • We provide creative, scalable financing solutions for our clients.
  • We are Freepoint Commodities.
  • And we believe market ingenuity and experience always wins the day.

fpo_at-a-glance_01The Freepoint Advantage

Our expertise is in being able to use our intellectual capital toward structured, scalable financing and debt solutions that leverage our global presence in physical markets. We pride ourselves on the agility to make fast decisions — but build long-term relationships.

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Our Leadership

David Messer / Chief Executive Officer

Mr. Messer has spent his entire professional career in the financial services industry, with a focus on commodities markets.

After receiving a BA degree from Yale University in 1983, Mr. Messer was associated with the commodity trading units of Drexel Burnham Lambert and then AIG, working in both metals and energy markets.

In 1994 he was named President of AIG Trading Corp., an energy trading firm, which he led until directing the unit’s sale to Sempra Energy (NYSE: SRE) in late 1997, resulting in the establishment of Sempra Energy Trading Corp. (SET) on January 1, 1998.

Mr. Messer and a team of two senior executives built SET from a $50 million annual revenue enterprise in 1998 to annual revenues of $1.5 billion by 2005. In 2007, Mr. Messer again led the sale of a majority of the company to The Royal Bank of Scotland, formally establishing the RBS Sempra Commodities joint venture on April 1, 2008.

Mr. Messer was named CEO of the joint venture and Global Head of Commodities for RBS, positions he held until March of 2009, when he resigned. Mr. Messer co-founded Freepoint in March, 2011.

Sheldon Pang / Vice Chairman

Mr. Pang has worked in the financial service industry for over twenty-five years.  He joined Freepoint Commodities in September 2011.

His prior experience includes serving as Vice Chairman of The Royal Bank of Canada Capital Markets, President of RBC Pacific Group, and Managing Director at AIG International. Mr. Pang started his career as a research scientist at MIT.

Mr. Pang’s volunteer work includes serving on the Boards of the National Committee on US-China Relations, Carmel Hebrew Academy and USA Water Polo, in addition to being a member of the  Foreign Policy Leadership Committee at the Brookings Institute and the Asia Advisory Council of Brown University.  Through a U.S. Presidential Appointment, Mr. Pang also served on the White House Commission for Presidential Scholars for seven years.

Frank Gallipoli / President

Mr. Gallipoli has been working in the commodities business since 1987.

He began his career at Drexel Burnham Lambert and then moved on to AIG in 1990. At AIG he held a variety of trading jobs ultimately leading to Trading Manager of the Energy Group. For eleven years, beginning in 1998, he worked at Sempra Energy Trading Corporation, where he oversaw all the trading and market risk. Mr. Gallipoli and a team of two other senior executives built the business into a worldwide commodities trading company with annual revenues of greater than $1.5 billion.

He was named President of RBS Sempra in 2008, a position he held until March of 2009, when he resigned.  Mr. Gallipoli joined Freepoint at its founding in March 2011.

Rob Feilbogen / Chief Operating Officer

Mr. Feilbogen has spent his career working in the financial services industry. While attending New York University (NYU), he worked part time at Drexel Burnham Lambert as a clerk on the Precious Metals trading desk. After graduating from NYU in 1989, Mr. Feilbogen joined AIG Trading Group where he participated in the building of the Foreign Exchange Forwards and Interest Rate trading businesses.

In 1998, Mr. Feilbogen was named Chief Operating Officer of AIG Trading Group. He held that position until June 2003.

Mr. Feilbogen joined Sempra Energy Trading in September 2003 as Chief Operating Officer and held that position until April 2009, when he resigned.  Mr. Feilbogen joined Freepoint at its founding in March 2011.

Michael Beck / Executive Vice President

Mr. Beck has worked his entire career in the financial service industry, focusing on commodities.

After graduating from MIT in 1994 he started at Lehman Brothers and moved to AIG (later Sempra Energy Trading and RBS Sempra) in 1996. He initially built the company’s domestic power business. In 2002 he joined the six person senior management team as a Senior Managing Director and became responsible for managing the world wide trading desk.

He ran the Global Petroleum Group in 2009, a record year during which the group was the company’s most successful business unit. In 2010 he was named Co-CEO of RBS-Sempra Commodities. He left in May 2011 after overseeing and completing the multi-billion dollar sale of the company to JP Morgan and Noble Americas.  Mr. Beck joined Freepoint in July 2011.

Daniel Hecht / General Counsel

Mr. Hecht has spent his entire career providing legal advice to the financial services industry, with a focus on commodities markets.

After graduating from Harvard, Mr. Hecht was awarded his J.D. from the New York University School of Law.  Mr. Hecht then joined the New York law firm O’Sullivan LLP (now O’Melveny & Myers LLP), where he had worked part time while earning his law degree.  Mr. Hecht later moved to Stroock & Stroock & Lavan LLP.  At Stroock and O’Sullivan, Mr. Hecht represented commodity trading and other financial services firms, including Sempra Energy Trading, Goldman Sachs, Societe Generale, Bear Stearns, Chase Capital Partners, Credit Suisse, and UBS.

In 2004, Mr. Hecht joined Sempra Energy Trading and ultimately was named Managing Director and Chief Litigation and Regulatory Counsel of RBS Sempra Commodities, with responsibility for managing the global compliance program and overseeing the litigation, regulatory, and employment law functions.

After assisting with the multi-billion dollar sale of RBS Sempra to JP Morgan and Noble Americas, Mr. Hecht joined Freepoint on April 1, 2011.