Jul 09, 2019
Bruce Turner, Dir.Central Portfolio Mgmt, Fonterra


Bruce Turner is Director Central Portfolio Management (CPM) at NZMP, the ingredients business unit of Fonterra.  The CPM team centrally manage Fonterra’s physical and financial portfolios to ensure NZMP optimises its ingredients portfolio across markets and channels and manages market price exposures with a focus on using exchange traded and OTC derivative contracts.  The core of the team’s activity is actively managing the sale of more than 2.5 million tonnes of dairy ingredients through NZMP’s global sales network, GDT and the Marketplace online sales channel.  The team also has a focus on growing a risk management and trading business inside NZMP through trading on exchanges, helping accelerate the development of dairy market liquidity and by providing structured risk management solutions to Fonterra’s customers and farmers in order to help them manage the impact of volatile dairy commodity prices on their businesses.

Before joining NZMP and switching to the dairy industry Bruce spent 32 years in the energy sector working in Oceania, Asia, Europe & North America, primarily in electricity and gas with a focus on energy trading and portfolio management.  Most recently he was Senior Vice President at Suez Energy International where he was actively involved in the centralised management of the company’s global energy market exposures with the objective of creating value from the opportunities available through liquid derivative markets.