Jens Boening, a weather risk management industry leader, has been appointed by WeatherBill as managing director, Europe and Asia.
Boening will be based out of WeatherBill’s new United Kingdom branch office, and will be positioned to better serve the needs of WeatherBill’s rapidly growing European and Asian client base of weather-sensitive companies. Boening will report directly to WeatherBill’s CEO and founder David Friedberg.
“Jens is a well recognised weather derivatives expert and we’re excitedto be offering our European clients a direct WeatherBill contact in the UK. A recognised leader in the weather market, Jens brings valuable risk management structuring experience and industry insight to our team. We are looking forward to working with him as he utilises and expandsour innovative platform for simple automated weather coverage,” says Friedberg.
Prior to joining WeatherBill, Boening was responsible for Merrill Lynch’sweather origination and structuring activities for Europe, Middle East,Africa, Asia and Pacific Rim. He has more than a decade of experience incommodities and weather markets, having provided risk management services to energy corporations, industrial clients, financial institutions andinvestors. Boening has also developed Merrill Lynch’s Continental Europeanand Scandinavian power trading businesses, and is an active member of theBoard of Directors of the Weather Risk Management Association.
Boening will be responsible for WeatherBill’s sales and marketing activities throughout Europe and Asia, and will be assisting companies large and small in creating custom weather coverage to protect profits from the impact of bad weather.
“WeatherBill has overcome two of the major shortcomings in making weatherderivatives accessible to companies. First, WeatherBill has made a product that is highly customisable and easy to understand, enablingcompanies to price and purchase weather coverage that better suits theirneeds. Second, WeatherBill has made weather coverage absolutely transparent and easily accessible through its unique technology and free-of-charge online platform. This will help take the weather market as a whole to another level. I am excited to join WeatherBill and work with existing and new clients in Europe and Asia to help them better manage the financial impact of adverse weather,” says Boening.