Gunvor Group Ltd. said Julien La Chon is moving to the position of Head of Development for Asia to oversee the company’s expansion in the region.
La Chon will be replaced as managing director of the Singapore office by Dikun Yin, the company said today in an e-mailed statement. Gunvor has hired more than 60 staff in Singapore since opening the office in 2007, it said.
The trader also created a new management committee that includes Muriel Schwab as regional chief financial officer, Stephane Degenne as head of crude and Patrick Martin as the head of oil products.
The closely held company posted a profit of $300 million to $400 million last year, it said in July. Its main trading office is in Geneva.