Galena Asset Management appoints Duncan Letchford as CEO

Geneva, 27th March 2014 - Galena Asset Management, the fund management arm of leading commodities trading firm Trafigura, has today announced the appointment of Duncan Letchford as its new Chief Executive Officer. This follows the appointment of Jeremy Weir, Galena's previous head, as CEO of parent company Trafigura Beheer BV earlier this week.

Prior to this appointment, Duncan Letchford served as Galena's Chief Investment Officer and Portfolio Manager for the Galena Metals Fund and Long Only Funds. He brings a wealth of experience from 22 years trading in the base and precious metals markets.

Before joining Galena in October 2005, he worked for HSBC in London as senior base metals futures trader, for N.M. Rothschild as a platinum group metals dealer; and for Deutsche Bank and AIG International in London.

Further Information

For further media information contact:

Galena Asset Management - Tel: +41 22 592 4528 or Email: media@galena-invest.com

Notes to editors

Galena Asset Management
Galena Asset Management was formed in 2003 and is a wholly owned subsidiary of Trafigura Beheer BV. With over USD2 billion in managed assets, Galena Asset Management operates from London, Geneva 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 Conduct Authority.
www.galena-invest.com