The Leadership Team

Our leadership team, consisting of highly experienced professionals, brings decades of expertise in power trading and energy markets. Dr. Michael H. Liao, the Founder and Managing Partner, along with Dr. Jason Lei and partners Cory Paddock and Jerry Zeng, have extensive backgrounds in energy market management, trading, and investment, both in the U.S. and Canada. Their combined experience spans major roles in leading energy firms and investment funds.

Michael H. Liao, Ph.D. is the Founder and Managing Partner of Greenwich Commodities. Known for his substantial contributions to the industry and academia, Dr. Liao specializes in applying rigorous analytics to power trading. He was a Co-founder and Chief Investment Officer of Clover Energy Fund at Wilton, CT from 2015 to 2019. Earlier in his career, he was the Director of FTR Power Trading at Castleton Commodities International in Stamford, CT from 2009 to 2012. Prior to that, he worked as a Senior Energy Analyst at Edison Mission Marketing & Trading from 2007 to 2009, and began his career as a Power Engineer at PJM Interconnection in 2006. Dr. Liao earned his Ph.D. in Electrical and Computer Engineering from Carnegie Mellon University, Pittsburgh, PA.


Jason Lei, Ph.D. is the Managing Partner of Greenwich Commodities. Dr. Lei has worked in the electric power markets since 2004, focusing on system management and market trading. He was a managing partner of Clover Energy Fund in Wilton, CT from 2016 to 2020. In 2015, he was the fund manager of JL Energy, LP, and between 2012 to 2014 he was the fund manager of Newel Trading Group LLC. Previously, he was Director, FTR Trading (MISO) of Saracen Energy LLC in Houston, Texas from 2007 to 2012. Jason started his career as an Applications Engineer in the Department of Energy Management and Market System Development of Electric Reliability Council of Texas (ERCOT) from 2004 to 2007. Jason Lei holds a Ph.D. in Electrical Engineering from Texas A&M University at College Station, Texas, and Bachelor's and Master's degree in Electrical Engineering from Tsinghua University, Beijing, China.


Cory Paddock is a Partner at Greenwich Commodities and the President of GBE Energy. He co-founded GBE Energy in Calgary and has been its President since October 2013. Cory also serves as a Director at Orpyx® Medical Technologies Inc . Cory has a Master's in Business Administration focused on global energy and a Bachelor's in Commerce with a specialization in Finance, both from Haskayne School of Business. His leadership and extensive experience in the energy sector make him a key part of our team.


Jerry Zeng is a Partner at Greenwich Commodities and the Managing Director of GBE Energy. He co-founded GBE Energy in Calgary and has been its Managing Director since October 2013. Jerry has a Master's in Business Administration from the Haskayne School of Business and a Bachelor of Chemical Engineering from East China University of Science and Technology. He has over 16 years of power trading experience, with a specialty in short-term PJM.