Asia/Pacific News
South Korea-Based KTB Joins KPI Bridge Oil Group
KPI Bridge Oil today announced that South Korea-based KTB will become a member of the KPI Bridge Oil Group effective June 1, 2016.
The global broker and trader says the merger is part of its growth strategy for 2016, and "will enhance KPI Bridge Oil's East Asian market leverage, complimenting the group's long established Singapore presence."
KTB, which will be now be known as KPI Bridge Oil South Korea, will continue to be headed by Minah Kim, who established KTB in 2006.
Kim said she was "extremely pleased" to be joining the KPI Bridge Oil group.
Carsten Ladekjaer, CEO of KPI Bridge Oil Group, said: "We are honoured to welcome the former KTB team into our group.
"This merger will further strengthen the KPI Bridge Oil brand in a consolidating market and it will position us even stronger to meet today's demands of the highest level of service from financially secure and safe counterparts."
The news follows KPI Bridge Oil's acquisition of Denmark based Trumf Bunker last year, who then became KPI Bridge Oil A/S.
