# Trafigura Limited

Trafigura Limited is a Private Company based in London, United Kingdom.

## Overview

- **Organization type:** Private Company
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 1993
- **Assets under management:** Undisclosed
- **Website:** www.trafigura.com
- **LinkedIn:** https://www.linkedin.com/company/trafigura

## Regulatory record

- **Reports private funds:** No

## About

Trafigura was co-founded in 1993 by Claude Dauphin, Eric de Turckheim, and others as a spin-off from the Marc Rich trading group — a lineage that gave the firm instant access to global supply chains. The founders structured Trafigura as a private company owned entirely by its directors and senior management, avoiding outside equity. Today, the firm has no single controlling family, operating instead as a partnership-like entity with collective ownership. Strategically, Trafigura combines physical commodity trading with direct investment in storage terminals, pipelines, ships, and refineries. It also runs Puma Energy, a downstream fuel distribution network across 48 countries. Trading revenue is supplemented by credit and financing arms that provide structured loans to producers. In 2023, Trafigura committed $1B to nickel production in Brazil via its subsidiary. The firm is active across oil, liquefied natural gas, base and battery metals, and bulk commodities, with a growing focus on copper and cobalt for the electrification shift. Trafigura employs roughly 12,000 people in 48 countries. In January 2025, Richard Holtum succeeded Jeremy Weir as CEO, marking the first leadership transition since weir moved to Executive Chairman in 2024 (per the firm, January 2025). The firm maintains a venture arm, Trafigura Capital Partners, which invests in energy-transition technology, and a foundation, the Trafigura Foundation, which is independently funded and manages a separate philanthropic portfolio. Trafigura's structural differentiator is its unique ownership model — closed to outside capital, owned by active executives, and designed to align long-term incentives rather than quarterly returns. This structure allows the firm to hold physical positions in volatile markets without external disclosure pressures, giving it an edge in storing and financing commodities during supply dislocations.

## Sectors

- Oil & Gas
- Metals & Minerals
- Energy Transition & Renewables
- Infrastructure
- Shipping & Logistics
- Private Credit
- Venture Capital

## Offices

- Geneva
- Singapore
- Houston
- Montevideo
- Beijing
- Nairobi
- Dubai
- Mumbai
- Lagos
- Lima
- Kuala Lumpur
- Santiago

## People

- Jeremy Weir — Executive Chairman
- Richard Holtum — Chief Executive Officer
- Christophe Salmon — Chief Financial Officer
- Jose Maria Larocca — Executive Director

## Questions

### Who owns Trafigura?

Trafigura is privately owned by its current and former directors and senior management. No external equity investors hold shares. This structure has been in place since the firm's founding in 1993 (per Trafigura's public filings).

### How does Trafigura generate returns beyond trading margins?

Trafigura combines physical commodity trading with ownership of infrastructure assets — pipelines, storage terminals, ships, and refineries. It also provides structured financing to producers and operates Puma Energy, a downstream fuel distribution network in 48 countries. The firm reported revenue of $244 billion in 2024 (per the company's Annual Report, December 2024).

### Does Trafigura invest in energy transition?

Yes. In 2023, Trafigura committed $1 billion to develop a nickel production facility in Brazil. The firm has also established Trafigura Capital Partners, a venture arm focused on energy-transition technologies, and expanded its trading in copper, cobalt, and battery metals (per Reuters, June 2023).

### How is Trafigura governed and who leads it?

As of 2025, Jeremy Weir serves as Executive Chairman and Richard Holtum is Chief Executive Officer. Holtum took over in January 2025, marking the first CEO succession since Weir led the firm from 2001. The firm has a management board and is collectively owned by its directors (per the firm's press release, January 2025).

## Related profiles

- [Burwell Investments](https://altss.com/profile/burwell-investments)
- [ADT LLC](https://altss.com/profile/adt-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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