15 April 2013 - Lord Thomas Strathclyde has been appointed to the supervisory board of Trafigura Beheer B.V. and will become a non-executive director of Galena Asset Management BV, SA and Ltd, following FCA approval. Wholly owned by Trafigura, Galena Asset Management specialises in funds investing in commodities and commodity equities.
“We welcome the breadth and depth of experience that Lord Strathclyde brings to our companies as they continue to grow,” said Jeremy Weir, Member of the Management Board of Trafigura Beheer BV and CEO of Galena Asset Management.
Lord Strathclyde has extensive experience of government at a senior level, together with knowledge of the financial services sector and a detailed understanding of Galena’s business from his long association with the company. Lord Strathclyde was non-executive director of Galena Asset Management from 2004 until early 2010 when he resigned from his non-parliamentary business roles in preparation for the forthcoming general election. Lord Strathclyde also brings his capabilities of acting at Board level of a number of significant commercial enterprises.
Lord Strathclyde retired from day-to-day political life in January 2013 to pursue a second business career.
For further information please contact Trafigura's Global Press Office: +44 207 009 1708 or firstname.lastname@example.org
Notes to editors
Trafigura Beheer BV
The Trafigura Group is one of the world's leading international commodity traders, specialising in the oil, minerals and metals markets, with 81 offices in 56 countries in six continents. The Group's primary trading businesses are the supply and transport of crude oil, petroleum products, renewable energies, coal, refined metals, ferrous and non-ferrous ores and concentrates. Trafigura is the world's second largest privately owned non-ferrous and oil trading company.
Founded in 1993, the company is owned by its founding shareholders and senior management. It has achieved substantial growth in recent years, growing turnover from USD17.6 billion in 2004 to USD120.4 billion in 2012.
Galena Asset Management
Galena Asset Management was formed in 2003 and is a wholly owned subsidiary of Trafigura Beheer BV. With over USD2.5 billion in managed assets, Galena Asset Management operates from Geneva, London and Singapore, offering investment opportunities through an array of specialised absolute return commodity funds. The funds focus on liquid commodity markets, accessing opportunities through derivatives rather than trading physical commodities. Galena is authorised and regulated in the UK by the Financial Services Authority.