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| Petro-Diamond Risk Management Ltd. (PDRM) |
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Based in London, Petro-Diamond Risk Management Ltd. (PDRM) is a wholly-owned subsidiary of Mitsubishi Corporation (MC) that specializes in energy derivatives.
With ongoing political and economic instability around the world, prices for petroleum and other energy products have become increasingly volatile. At the same time, a global trend toward deregulation in the energy industry has been progressing, especially through liberalization of the electricity and natural gas industries. Accordingly, both suppliers and users of energy are looking to hedge risk related to price fluctuations for oil and other energy products, and demand for related financial derivatives is rapidly growing. MC established PDRM in an effort to respond to this increasing demand and to provide customers with the solutions they need.
Through its many years of involvement in the energy business, MC has developed a broad base of customers in a diverse array of industries. In addition, MC has over 30 years of experience in the base metals derivatives business, dating back to the establishment of Triland Metals Ltd. (TML), a U.K. based subsidiary established in 1971 to engage in futures hedging of base metals. At PDRM, MC has assembled a team of energy derivative experts that provides optimal solutions using state-of-the-art techniques. Moreover, PDRM has commissioned TML to undertake all of its non-trading activities, known as “middle office” and “back office” operations. By fully capitalizing on TML's proven abilities in business support and financial management expertise, PDRM is able to demonstrate an excellent command of sophisticated energy derivative transactions while it strives to respond to the diverse energy risk management needs of its customers.
Company Profile
| Name : |
Petro-Diamond Risk Management Ltd. |
| CEO : |
Yoshikazu Enomoto |
| Capital : |
US$ 15 million
(Mitsubishi Corporation 100% investment) |
| Location : |
London, UK |
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