Meet our Portfolio Managers | International portfolio team
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Energi Danmark Securities

Lena Kapanen
Lena Kapanen
Portfolio Manager

Education;

M.Sc in Economics at Åbo Akademi and B.Sc in Chemistry at Stockholm University.

Background/Experience:

Lena has more than 15 years experience from different positions within the Nordic energy market. Additionally, to portfolio management, her experience from trading different commodities both options and futures gives her wide knowledge of energy markets and risk management. Lena has been employed in Energi Danmark Securities since August 2024, but she worked here before in 2017-2021 and now she is back.

Responsibilities:

Lena is responsible for portfolio management and reporting for Finnish customers and specially for Swedish speaking customers in Finland as her mother tough is Swedish. As Portfolio Manager at Energia Myynti Suomi Oy (Energi Danmark Securities), Lena makes market analysis, risk analysis and gives advice to Finnish portfolio management customers.

 

Jaakko Kontio
Jaakko Kontio
Portfolio Manager

Education

Master of Science in Economics from the University of Oulu. Carbon Finance and Analytics program from London Business School. Certified Financial Analyst from Swedish School of Economics.

Background/Experience:

Jaakko started working within the energy industry in 2000 by completing his final thesis “European Power Options in Price Risk Management”. Since then, he has worked as a trader (electricity, coal, gas, emissions), portfolio manager and Head of Sales Portfolios for various companies like E.On Finland, Helen, Loiste and Energi Danmark Securities A/S. He has experience from industry groups working groups such as financial regulation, wholesale, capacity market groups in electricity and gas markets. Jaakko has managed employers own end-user portfolios (tariff and fixed sales for retail customers, index portfolios) and enterprise customers portfolios by given mandate or advisory.

Responsibilities:

Jaakko is responsible for portfolio management and reporting for Finnish customers. To be able to do well argumented decisions when to hedge, part of the duties is to do in-depth market analysis and deliver updated market view to external and internal stakeholders. Jaakko’s special task is to understand development of Finnish power balance and its direct consequences to Finnish price area and area price difference.

Christopher Kurish
Christopher Kurish
Portfolio Manager

Education:

Cand.merc.mat in statistics and finance from Copenhagen Business School

Background/Experience:

Christopher has recently finished his Masters degree where his focus was on mathematical finance and statistical analysis, where he has gained experience with financial instruments, analyzing risk inherent in trading markets and programming in a variety of programming languages. His former job was as an economist at the environmental and biological department at Aarhus University. He has been a part of Energi Danmark Securities since the beginning of 2020.

Responsibilities:

Christopher manages portfolios for clients in the Danish region. Furthermore, he is responsible for hedging and risk management strategies and risk analysis. He maintains and develops in house-models and is responsible for programming in Energy Denmark Securities.

Mattias Hellberg
Mattias Hellberg
Head of Portfolio Management

Education

M.Sc in economics (Finance) at the University of Lund.

Background/Experience:

Mattias started as a Junior Trader at Stockholm Energy 1998 with special focus on options. From 1999-2002 he worked as Trader and Portfolio Manager at Alfakraft. Mattias is co-founder of the company Shepherd Energy AB – a company under the Swedish Financial Supervisory Authority. Here he worked as Analyst and responsible Fund Manager for Shepherd Energy Fund/Portfolio. The analysis service is today one of the leading services in the Nordic power market. Since December 2016 Mattias has been working as Portfolio Manager at Energi Sverige with focus on the Swedish clients.

Responsibilities:

As Head of Portfolio Management at EDS, Mattias is organizing the daily work at the desk and make sure that all the necessary routines are in place. Part of the work is also to continuously develop the portfolio management services and to communicate that both internally and externally. Customer-wise most focus is on the active customers in mostly the Swedish market.

Michael Gesterling
Michael Gesterling
Portfolio Manager

Education:

MBA (Finance) from Hawaii Pacific University, MScBA (Finance) from Jönköping International Business School.

Background/Experience:

Michael has more than ten years’ experience from different positions within the Nordic energy market. Additionally to portfolio management, his experience from strategic business development and market intelligence gives him wide knowledge of energy markets and risk management. Michael has been employed in Energi Danmark Securities since 2014.

Responsibilities:

As Portfolio Manager at Energi Försäljning Sverige AB (Energi Danmark Securities), Michael makes market analysis, risk analysis and gives advise to Swedish portfolio management customers. He also develops risk management and hedging strategies.

Kresten Therkildsen
Kresten Therkildsen
Senior Portfolio Manager

Education:

Investment Manager in Sydbank 1990 – 2001.

Background/Experience:

Kresten is educated in the banking system with almost 20 years of experience within financial areas as Stock trading, Bond trading, Currency trading, Portfolio Management and Risk Management. Subsequently Kresten was employed in 2001 at Elektra Energihandel as Portfolio Manager with the responsibility to the company’s most important customers, among these the owners of Elektra Energihandel. At the merger in 2005 with Energi Danmark, he was employed as Managing Director and Head of Portfolio management to make sure that this area of competence was proceeded into the new merged company.

Responsibilities:

Kresten has the overall responsibility for the whole group in connection to Portfolio Management of power and related products. He has built up a great experience regarding the Nordic power trading market, including Portfolio Management and Risk Management.

Dirk Hegermann
Dirk Hegermann
Portfolio Manager

Education:

Graduate in Business Administration (Diplom-Betriebswirt BA) from Wirtschaftsakademie Schleswig-Holstein.

Background/Experience:

Dirk is looking back on more than 15 years of experience in the energy sector. Following a vocational training at German regional electricity supplier WEMAG AG and parallel with the studies of Business Administration, he spent an internship at the European Energy Exchange, EEX, in Leipzig before joining Vattenfall Energy Trading as a Young Professional acting in various roles. Before joining Energi Danmark Securities in the beginning of 2016, he has been responsible for logistics and position management regarding coal and biomass and was involved in the procurement process for internal and external customers.

Responsibilities:

As a German speaking Portfolio Manager, Dirk complements the team by being responsible for portfolio management for German customers, providing market and risk analysis and helping them to develop hedging and risk management strategies.

Jan Rigtrup
Jan Rigtrup
Director, Energi Danmark Securities

Education:

Economist – HD U (international trade) from the Copenhagen Business School and also a commercial education in marketing business.

Background/Experience:

Originally, Jan started as trainee in DONG Energy in 1996 with focus areas such as sales, financial trading, production, analysis and risk management. From 2000, he was employed as Market Analyst at Elektra Energihandel (today: Energi Danmark Securities). In 2005, he was promoted to Portfolio Manager with focus on the most important portfolio customers in regime of Elektra. Today he has built up more than 20 years of experience in the energy sector.

Responsibilities:

Develops and optimises hedging portfolios, risk management strategies and is on a daily basis working out various analyses, which are used in the whole group of Energi Danmark as well as own customers around Scandinavia. These analyses are also used externally in connection with the “One Stop Shop” concept.

Stefan Andersson
Stefan Andersson
Portfolio Manager

Education:

Bachelor of Science (BSc) in Control and Maintenance.

Background/Experience:

Originally, Stefan worked for Öresundskraft as a production engineer. During 1999 and 2000, he worked as Portfolio Manager at the company ELISA A/S. From 2001 to 2007, Stefan worked as Product Manager (large customers) at E ON. Before he started at Energi Försäljning Sverige AB (Energi Danmark Securities) in May 2009 as Portfolio Manager, he worked since 2007 as Portfolio Manager at Halmstad Energi och Miljö.

Responsibilities:

As Portfolio Manager at Energi Försäljning Sverige AB (Energi Danmark Securities), Stefan makes market analysis and risk analysis and gives advice to Swedish portfolio management customers. He also optimises and trades the companies’ environmental related product portfolios, power certificates and Guarantees of origin.