Kenneth Gustafson


Professional Experience

Senior finance executive with experience in physical commodities, derivatives and securities including risk management, structured origination, trading, and portfolio management.

[email protected]

Personal Profile


Ken has over 25 years experience in finance, risk management, derivatives, asset valuation and transactions, and portfolio management at financial institutions and commodity merchants. Prior to joining Vine Advisors, Ken managed an advisory practice focused on risk management, valuation, asset transaction in commodities, derivatives, structured products and securities. As well, he led Citigroup's commodity structuring unit for the Americas for 7 years managing a team that structures product, portfolio, and asset transactions, and originated structured products in natural gas, oil, power, LNG, renewables, and metals. Previous roles include executive and advisory roles at Shell Trading, Enron, Deutsche Bank, Bankers Trust, and trading and arbitrage with Bear, Stearns and Shell in Houston, New York and London. He is also an Advisory Board Member of Eiffel Trading, an online marketplace for equipment and materials in civil construction, marine and oil field and a strategy advisor for NatGasHub.

Ken holds a A.B. in Economics, magna cum laude from the University of Michigan and is a CFA charterholder. 

Ken's activities include valuation of security instruments with complex underlying components, asset valuation and transactional activities, hedge restructuring and advisory on commodities, power, oil, natural gas, LNG, infrastructure, renewables, metals and softs across the upstream, midstream/infrastructure, and downstream space.  Advisory work include expert witness, testimony, report construction and analysis.


Significant Experience

Global Investment Bank
Head of Commodity Structuring
• Led team structuring portfolio, asset and product transactions
• Lead structurer on wind/renewable strategy, including major transactions
• Optimized sizing of credit CVA, regulatory capital and return hurdles

Global Oil and Gas Business
Head of Deal Structuring for North American Gas and Power
• Extensive use of VaR modeling and risk profiling
• Ran derivatives origination with focus on financial swaps, options and derivative products

Global Investment Bank
Co-Head of Energy Risk Management Advisory Practice
• Provided structured transaction, risk management and investment banking advisory services

Energy Advisory Business
Principal and Advisory Board Member
• Advisory, consulting and hedge restructuring
• Develop relative value trading and portfolio strategies for alternative investment products

Global Energy Trading Business
Proprietary Trader
• Traded and valued commodity-linked securities

Areas of Practice

  • Commodity Trading and Risk Management

  • Derivatives and Securities Valuation

  • Credit and Risk Valuation Product and Management

  • Multi-instrument Trading and cross-commodity arbitrage

  • Real Option and Merchant

  • Basis Risk Mitigation Strategy

  • Start-up Capital Structures


Education/Qualifications

  • BA Economics – University of Michigan
  • CFA Charterholder
Vine Advisors