Worldwide shipping, industrials, commodities, mining and energy business, the SIMEC Group, is gearing up for a major expansion of its European trading operations with the opening of a new Geneva office.
The Group, which has interests on all five continents, will shortly open a permanent Geneva base at the landmark Rue de Rhone 8 complex in the heart of the city’s financial district.
The new operation, which will be led by SIMEC’s European CEO and international commodities trader, Piero Piccolo, will act as the European hub for SIMEC’s trading in energy, energy-related products and base metals.
It will also provide supply and logistics support for the growing industrial elements of the business. Longer term SIMEC aims to develop downstream assets in Europe including warehousing and wholesale and retail distribution systems.
SIMEC is already assembling a top flight management team to drive this expansion, and the Group’s first appointment is high-profile energy trader, Ugur Hekimoglu, who becomes Head of Oil, responsible for developing the firm’s European business in oil and petroleum products.
Turkish-born Mr Hekimoglu, 52, graduated with an MBA from the University of Zurich and has been a prominent member of the Geneva-based energy trading community for more than 20 years. He has held senior management roles with major organisations involved in trading, trade finance and logistics within international and multicultural environments.
He said he was attracted to the challenge of joining the new SIMEC Geneva team by the firm’s: “commitment to building long-term relationships in the market and to creating a strong link between trading and adding real value to the economy.”
Commenting on the new office and new appointment, Mr Piccolo said: “We’re very excited about our new base in the heart of the Geneva trading community. This will position us strongly for robust expansion. In view of our plans for growth and investment we are very pleased to hire top professionals such as Mr Hekimoglu.”
SIMEC is part of the GFG Alliance which also includes Liberty House and GFG Finance
Further information from Eoghan Mortell:
02920 455182 or 07977 555116.