Trading places

Whatever criticisms Enron’s competitors may level at the fallen giant, few have been shy about snapping up the talent left behind by the company’s demise. James Ockenden looks at the recruitment market in Enron’s wake

The recruitment market for energy traders has been nothing if not liquid over the past six months, with 1,600 Enron trader CVs flooding human resources departments across the world and anxious traders from stock-plummeting energy merchants dipping more than just a toe in the job-hunting pool.

Energy markets have been fundamentally changed by the Enron debacle. Credit-crunched, asset-light energy merchants are being squeezed out of the market, and a raft of triple A-rated financial institutions