EGL opens UK office

EGL (Elektrizitäts-Gesellschaft Laufenburg), an asset-backed Swiss energy trading firm that forms part of supply company Axpo Group, is to open a London office under the name EGL UK.

EGL has been active in the UK market for several years, and now plans to build out its trading capabilities before establishing a UK origination business. EGL UK will be managed by Nick Taylor, who joined the company earlier this year. Taylor has 13 years of industry experience and most recently worked at UBS and EDF Trading.

"EGL recognises the opportunities provided in the UK and the value in having local expertise in its local market to exploit them," said a company statement.

Along with the UK