In the early 1980's Mr. Turnbull helped found Amerex Energy, an interdealer broker of energy risk management regulated futures and over the counter derivatives. The firm began as a broker of bulk shipments of petroleum between institutional counterparties. As the energy risk management business matured, Mr. Turnbull was instrumental in the firm's development of its regulated futures business on the International Petroleum Exchange in London, its petroleum brokerage business in Asia, and in its US natural gas and electricity derivatives businesses, where he was involved in their adoption of online trading. He was Global Chairman of Amerex when it sold its North American businesses to NYSE listed GFI Group in 2006.
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