|Mark Neustadt & Peter Richards- 2013 Conference Speaker|
Commodity Price Risk Mitigation
Presented by Mark Neustadt & Peter Richards
Vice Presidents, 5/3 Commodities
In Oct. 1998, crude oil volatility stood at 14% and most companies who were exposed to movements in oil price were comfortable riding a few modest highs and lows. Fast forward to October 2008, Crude volatility spiked to 64.5% and many companies were forced into bankruptcy or had to drastically change the way they conducted business in order to stay solvent. This secession will discuss how to identify, mitigate, and manage commodity price risk and how a company can protect themselves from another "Black Swan" - an unforeseen event that can bring market participants to their knees if they are not prepared. Does your company need to hedge? If so, what are the proper instruments to be used? All these topics will be discussed in this breakout session.
Mark Neustadt has worked in Fifth Third's Capital Markets for over ten years, advising companies on how to manage foreign exchange and commodity price risk. In 2004, Mark relocated to Eastern Michigan where he was instrumental in building Fifth Third's Canadian FX operation just as the bank established a Canadian presence in Toronto. He also spent 6 years traveling through North America and Europe educating clients on various structured products to neutralize foreign exchange risk. In 2009, he was chosen by management to build the bank's commodity hedging operation in the Western United States. The group has now expanded and offers hedging strategies and products for base and precious metals, energy, and agriculture. Mark holds a Bachelor of Science and MBA from Ohio State University and currently holds a Series 7, 63, and 24 FINRA Security Licenses. In 2012, Mark earned his Chartered Alternative Investment Analyst designation.