Trafigura’s Singapore business will become the commodity group’s main trading centre, an official at the firm has confirmed to GTR.

Trafigura’s Singapore branch will now be the main booking entity for its trading activities, in an aim to strengthen the firm’s presence in Asia Pacific.

Pierre Lorinet, Trafigura’s chief financial officer is relocating to Singapore later this year to take on the additional role of managing director for the Asia Pacific region.

The company confirms that the move will not affect staffing in its other global offices, and there are no further plans to relocate any more Trafigura directors to Singapore.