About Us


Gil Burciaga


Mr. Burciaga was a founding member of Dynegy, Inc. (formerly Natural Gas Clearinghouse). He served as one of six senior vice presidents involved in the startup and growth of this Fortune 500 trading company and market maker, and he was a member of the four-person team responsible for taking the company public. During his tenure (1986-1991), Dynegy was one of the fastest growing companies in the United States. From 1992-1997, Mr. Burciaga was President of NGC Energy Resources, a division focused on the acquisition and operation of downstream natural gas assets including gathering systems, processing plants, and natural gas liquids fractionation plants. Acquisitions made in the U.S. and Canada under his direction exceeded $900 million. From 1985-1992, Mr. Burciaga served as Senior Vice President of Natural Gas Supply & Trading. Because of deregulation to the merchant role and price controls during this period, Dynegy faced a very volatile natural gas market. Dynegy emerged as a dominant player and became the largest independent and the second largest natural gas marketer in the United States.

Zach Lee

Chief Executive Officer

Prior to forming Asset Risk Management, Mr. Lee worked for Duke Energy Trading & Marketing, where he managed the Structured Products and Derivatives marketing group. The goal of this team was to enhance the value of Duke's trading organization by leveraging the natural gas derivatives market to create natural gas physical and financial product opportunities for producers and end users. Prior to Duke, Mr. Lee worked for Entergy-Koch Trading in a number of trading roles with a focus on the natural gas and power markets.

Michael Christopher

Chief Investment Officer

Mr. Christopher joined Asset Risk Management in May 2015, and is responsible for all financial and capital markets functions for the company. He brings to ARM more than 15 years of energy finance experience. Prior to joining ARM, Mr. Christopher spent nearly 13 years at ArcLight Capital Partners, an energy-focused private equity firm, where he originated and structured transactions in the midstream, power, and upstream sectors. Mr. Christopher began his career in Citigroup’s Global Energy and Power Group, where he provided M&A and capital markets advice to public and private energy companies. Mr. Christopher earned a Bachelor of Science in Commerce from the University of Virginia.

Taylor Tipton

President, ARM Physical (AEM) & Midstream

Mr. Tipton joined Asset Risk Management in February 2014 and is currently serving as President of ARM Energy Management. He brings to ARM more than 15 years of experience marketing and trading natural gas in both the US and UK markets. Before joining ARM, Mr. Tipton served as SVP Head of Gas Trading for EDFT Trading North America, where he was responsible for managing EDFT’s natural gas business – the 5th largest marketing and trading business in North America. From 1996 to 2007, Mr. Tipton worked in a variety of energy roles for Dynegy, Conoco Phillips, and Eagle Energy Partners, primarily responsible for marketing and trading natural gas throughout various regions of the US and the UK.

Thomas Heath
Thomas Heath

President, ARM Financial

Mr. Heath has more than 25 years of energy industry experience, having started his career in the early 1980s with Columbia Gulf Transmission Company, where he held various operational and commercial positions. In 1988, he began a 15 year stint with the evolving marketing units of Acadian Gas Pipeline System, Tejas Gas Corporation, and Coral Energy, L.P. (now Shell Trading Gas & Power), where he served in various management roles and was involved with the construction of the West Region trading desk, Consumer Marketing group, Producer Services unit, and the Risk Product Marketing team. Starting in 2004, Mr. Heath served as a Vice President of Union Bank of California, N.A., an affiliate of Bank of Tokyo-Mitsubishi UFJ, Ltd., where he created and lead a de novo energy derivatives desk supporting Energy Capital Services. Prior to joining Asset Risk Management, Mr. Heath was President of Blue Dolphin Energy, where he was responsible for all commercial, operational, and business development functions. He is an alumnus of the University of Houston.

Art Cipriani

President, ARM Appalachia

Mr. Cipriani has 30 years of experience and a proven track record of success and established relationships from wellhead to city gate. Prior to starting ARM Appalachia in October 2009, Mr. Cipriani was a senior member of Eagle Energy Partners (now EDFT, North America). He joined the Eagle Energy team when the company was founded in 2004 and was directly responsible for building Eagle’s presence in the Northeast, Mid-Atlantic, and Appalachian areas. Prior to Eagle, Mr. Cipriani was an officer & Vice President of Dominion Transmission, with overall responsibility for marketing, customer service, business development, rates, and regulatory affairs for the company’s regulated interstate pipeline, storage, and LNG subsidiaries.

Most notable in Mr. Cipriani’s energy career was his role as a partner and Senior Vice President of Natural Gas Clearinghouse (now DYNEGY). During his 10-year tenure at NGC/Dynegy (1984-1995), he was responsible for directing all marketing, origination, and trading activities in the East/Northeast, Mid-Atlantic, and Midwest regions for the non-regulated gas marketing company. He opened regional offices for NGC/Dynegy in Pittsburgh, Chicago, and Boston. During the five-year period prior to joining NGC, he was the Manager of Marketing for Peoples Natural Gas in Pittsburgh. Mr. Cipriani is a Penn State mechanical engineer and a lifetime resident of Pittsburgh.

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