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Collaboration is key [Interview with Julie Carruthers, Global Head of Operations & Chief of Staff, TP ICAP]

 


“Operations need to be viewed as a “client” of the IT group”


Energy trading companies as with all companies in general want to ensure they have the right business model in order to be successful, and knowing how to put certain strategies in place especially whilst dealing with the back office and IT department is crucial. 

We recently had a chat with Julie Carruthers, Global Head of Operations & Chief of Staff at TP ICAP about collaboration between the back office and IT department, the dealings and relationship with exchanges and clearing partners and lastly the management of recent mergers and acquisitions.

Join us in the interview below with Julie: 

You talk about how IT and Back Office should work in a partnership. Could you give a glimpse at what you implemented to reach that level of collaboration?

I think the key word here is collaboration. Operations need to be viewed as a “client” of the IT group and their requirements need to be prioritised alongside the revenue generating projects. This also requires a partnership with the business. Everyone needs to be working towards the same goals and efficiencies for it to be a successful model.

Being the global head of operations, you supervise the group’s relationship with the exchanges and the clearing partners. What would you say is the top challenge when dealing with these entities?

Being an Inter Dealer Broker (IDB) we are in a unique situation as we don’t perform a lot of the activities that a client or FCM would do yet we are critical to the smooth running of the energy markets. The top challenge for us is, because we are in that Market Infrastructure role, we are under increasing scrutiny from the Clearers and Exchanges and so the overhead on us as brokers is growing. By overhead I mean the technical changes we need to make to support demonstrating orderly markets, reporting obligations and more importantly helping our clients meet their obligations also. 

Your company has been involved in several mergers and acquisitions in the past few years. How have you been ensuring proper integration of both operations functions.

Most companies have a history of acquisition and with that comes different sets of technology and operational processes. The key to ensuring proper integration of the operations functions is to ensure that the standards don’t drop so constant monitoring of the key KRI’s and KPI’s is key. When migrating to new systems then the vital element for me is disciplined project management to ensure that all scenarios and stakeholders have been covered and are involved in testing and sign off.

Julie will be speaking at the upcoming ETOT Summit this October in London! 

Click here to view the Agenda

Jan Van Aken

Organisation: EFET
Position: Secretary-General 


Speaker Bio

BIO TO FOLLOW...

MIKAEL KREINER

Mikael

Organisation: ØRSTED
Position: Head of Back Office


Speaker Bio

BIO TO FOLLOW...

PAUL VAN SON

Organisation: EFET
Position: Honorary President


Speaker Bio

BIO TO FOLLOW...

RAHUL MALIK

Organisation: CENTRICA
Position: Head of Trading IT


Speaker Bio

BIO TO FOLLOW...

Graziano Di Giacomo

GRAZIANO DI GIACOMO

Organisation: ENEL
Position: Head of Trading & Financial Back Office

 


Speaker Bio

BIO TO FOLLOW...

HUGH BRUNSWICK

HUGH BRUNSWICK

Organisation: ETOT ADVISORY BOARD
Position: Chairman


Bio

Hugh Brunswick is a Chief Executive Officer at Equias B.V. He has overseen the introduction and development of several EFETnet services that implement the EFET Standards and the steady growth of the user community with a focus on operational process automation, compliance and innovation.

Hugh is a former Managing Director of EFETnet. He is a graduate of the University of Manchester with BSc (Hons) Physics and MSc Computer Science.

ALAN TAYLOR

ALAN TAYLOR

Organisation: AXPO
Position: Head of Trading IT & Back Office

 


Bio

With a career in energy trading spanning nearly 20 years, and having worked across utilities, oil trading, banking and consulting, Alan brings a wealth of experience from across the world of energy trading.

JAN HAIZMANN

JAN HAIZMANN

Organisation: EFET
Position: Chairman of the Legal Committee

 


Speaker Bio

BIO TO FOLLOW...

JAMES RONNIE

JAMES RONNIE

Organisation: GAZPROM MARKETING & TRADING
Position: Digital Trading Manager

 


Speaker Bio

BIO TO FOLLOW...

JÖRG REICHELT

Organisation: ENBW
Position: Head of Settlement

 


Speaker Bio

BIO TO FOLLOW...

Roland Back

ROLAND BÄCK

Organisation: OMV
Position: Head of ETRM & Trading Process Management

 


Speaker Bio

BIO TO FOLLOW...

ANTONIO SEVILLA CERVANTES

ANTONIO SEVILLA- CERVANTES

Organisation: ENDESA
Position: Head of Back Office

 


Speaker Bio

BIO TO FOLLOW...

GARY VASEY

GARY VASEY

Organisation: COMTECH ADVISORY
Position: Partner & Managing Director

 


Speaker Bio

BIO TO FOLLOW...

Elena Cretti

ELENA CRETTI

Organisation: EDISON
Position: Head of Back Office

 


Speaker Bio

BIO TO FOLLOW...

Dirk Daveluy

DIRK DAVELUY

Organisation: RWE SUPPLY & TRADING
Position: Brokers & Exchanges Relationship Manager, Ops & Affairs

 


Bio

Experienced Senior Expert with a demonstrated history of working in the oil & energy industry. Strong operations professional skilled in Gas, Commodity Risk Management, Market Risk, Lean Management, and Training Delivery. 

Aviv Handler

AVIV HANDLER

Organisation: ETR ADVISORY
Position: Managing Director

 


Bio

Set up ETR Advisory in 2013, the vehicle via which he is offering his own services. ETR is focused on the regulation of the energy, commodity and financial markets, covering rules such as EMIR, REMIT, MiFID II and MAR and the impact of Brexit . More recently this has focused on the introduction of anti abuse procedures and trade surveillance systems. He has recently started to cover the regulatory aspects of blockchain and crypto-currency use.

He sets up ETR following a stint at SunGard Consulting Services, leading the setup of the European Energy Compliance Centre of Excellence, which provided extensive thought leadership in the field.

Gotz Dittrich

DR. GÖTZ DITTRICH

Organisation: EUROPEAN COMMODITY CLEARING
Position: Chief Operating Officer

 


Speaker Bio

BIO TO FOLLOW...

Mario Claeys

MARIO CLAEYS

Organisation: UNIPER GLOBAL COMMODITIES SE
Position: Head of Exchange and Margining


Bio

Holding Risk Committee positions at major market leading companies for more than 10 years, Mario Claeys has a strong professional with strategic view and profound experience in advising Exchanges and CCP's on board level.Mario Cleays has expertise in a wide range of Exchange and Clearing related topics like market structures & development, market surveillance / supervision, pricing methodologies, regulations, clearing mechanisms, commodity and clearing related risk, default management but also commercial negotiations, both in market maker arrangements and clearing agreements.

Jerome Le Page

JEROME LE PAGE

Organisation: EFET
Position: Director for European Electricity Markets

 


Speaker Bio

BIO TO FOLLOW...

Michele Governatori

MICHELE GOVERNATORI

Organisation: AXPO
Position: Head of Public & Regulatory Affairs, President AIGET & EER

 


Speaker Bio

BIO TO FOLLOW...

Gavin Ferguson

GAVIN FERGUSON

Organisation: EFET
Position: Head of Standardisation Workstream


Bio

Gavin Ferguson has worked within the Gas and Power industry for nearly 40 years. He has worked on many initiatives and served on industry Committees led by OFGEM, FIA, EFET and National Grid. He recently retired from his role at Centrica, but is still very active within the industry.

He is currently involved as the Facilitator on the Enerchain project, where he is the point of liaison between the energy trading companies and Ponton, the company who are developing the project.

Gavin also leads the recently-created Standardisation work group at EFET, where he is focussed on eSM (Electronic Settlement Matching). 

Surya Ayyagari

SURYA AYYAGARI

Organisation: UNIPER GLOBAL COMMODITIES SE
Position: Senior Data Manager

 


Speaker Bio

BIO TO FOLLOW...

Matteo Paganucci

MATTEO PAGANUCCI

Organisation: ENGIE ITALY
Position: Head of Back Office

 


Speaker Bio

BIO TO FOLLOW...

Agnese Moroni

AGNESE MORONI

Organisation: ENGIE ITALY
Position: E-Invoicing Project Manager

 


Speaker Bio

BIO TO FOLLOW...

Ian Murrin

IAN MURRIN

Organisation: DIGITERRE
Position: Founder & CEO

 


Speaker Bio

BIO TO FOLLOW...

Veronica Musumeci

VERONICA MUSUMECI

Organisation: ERG
Position: Head of Back Office Energy Management

 


Speaker Bio

BIO TO FOLLOW...

Volodymyr Sorokoumov

VOLODYMYR SOROKOUMOV

Organisation: UNIPER
Position: Senior Data Manager; Big Data & Advanced Analytics

 


Speaker Bio

BIO TO FOLLOW...

Neil Pennington

NEIL PENNINGTON

Organisation: ENERGY WEB FOUNDATION
Position: Strategic Adviser

 


Speaker Bio

BIO TO FOLLOW...

Christian Baer

CHRISTIAN BAER

Organisation: EUROPEX
Position: Secretary General

 


Speaker Bio

BIO TO FOLLOW...

DALE EMMERSON

DALE EMMERSON

Organisation: EQUIAS
Position: Trading & Markets Consultant


Speaker Bio

BIO TO FOLLOW...

KETAN KOTHARI

KETAN KOTHARI

Organisation: BLUE PRISM
Position: Director - Resources EMEA


Speaker Bio

BIO TO FOLLOW...

IAIN MCGOWAN

IAIN MCGOWAN

Organisation: CENTRICA
Position: Head of Ethics & Compliance


Speaker Bio

BIO TO FOLLOW...

TILO ZIMMERMANN

TILO ZIMMERMANN

Organisation: PONTON
Position: Managing Director


Speaker Bio

BIO TO FOLLOW...

ALEXANDER MCDONALD

ALEXANDER MCDONALD

Organisation: EUROPEAN VENUES & INTERMEDIARIES ASSOCIATION
Position: CEO


Speaker Bio

BIO TO FOLLOW...

GORDON ALLOT

GORDON ALLOT

Organisation: BROADPEAK
Position: CEO


Speaker Bio

BIO TO FOLLOW...

HUGO STAPPERS

HUGO STAPPERS

Organisation: PIONEER SOLUTIONS
Position: Director of Sales & Marketing EMEA


Speaker Bio

BIO TO FOLLOW...

KATIE GIBBS

KATIE GIBBS

Organisation: BJSS
Position: Head of AI


Speaker Bio

BIO TO FOLLOW...

DR JENS BARTENSCHLAGER

DR JENS BARTENSCHLAGER

Organisation: FIDECTUS
Position: CEO


Speaker Bio

BIO TO FOLLOW...

RANDY WILSON

RANDY WILSON

Organisation: AQUILON ENERGY SERVICES
Position: CEO


Speaker Bio

BIO TO FOLLOW...

TRAVIS NADELHOFFER

TRAVIS NADELHOFFER

Organisation: NORTHGRAVITY
Position: CEO


Speaker Bio

BIO TO FOLLOW...

KASPER WALET

KASPER WALET

Organisation: AIENERGIZER
Position: Founder


Speaker Bio

BIO TO FOLLOW...

AIDEEN CARDIFF

AIDEEN CARDIFF

Organisation: IBM
Position: Watson AI & Industry Channel Leader UKI


Speaker Bio

BIO TO FOLLOW...

HENRY BROWN

HENRY BROWN

Organisation: BJSS
Position: Head OD


Speaker Bio

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FLORENT ARRIGHI

FLORENT ARRIGHI

Organisation: GININI ANTIPODE
Position: Senior Manager


Speaker Bio

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JAKOB HOLZNER

JAKOB HOLZNER

Organisation: ENERGIE AG
Position: P2P Project Lead


Speaker Bio

BIO TO FOLLOW...