Gunvor Group, one of the largest physical energy trading companies in the world, has appointed Jeff Webster as Group Chief Financial Officer (CFO). Jeff will be based in Geneva, Switzerland, and will serve on the Executive Committee.
Jeff has more than 20 years of experience in the banking and trading sectors, most recently serving as Group Treasurer at Mercuria since 2018. Previously, between 2005-2018, he held several roles at UBS, including Treasury CFO, EMEA Treasurer and Global Head of Liquidity Management, and was located during this time in both Switzerland and the United Kingdom.
Jeff started his career as a Foreign Exchange trader/analyst in Reserve Management with the Bank of England before he joined UBS. Jeff has a Master’s degree in Mathematics from the University of Cambridge and an Executive MBA from IMD (International Institute for Management Development).
“We welcome Jeff to lead Gunvor’s global financial strategy as our company continues to expand into new trading areas, including into Energy Transition opportunities,” said Torbjörn Törnqvist, Chairman and CEO of Gunvor Group. “Jeff carries a deep background and knowledge of finance and commodity risk management, which will serve Gunvor’s continued development well.”
Muriel Schwab has decided to pursue new opportunities outside of Gunvor. She will stay for period of transition before leaving.
Torbjörn remarked: “We thank Muriel for her years of service to Gunvor. She has been instrumental in overseeing the growth and diversification of the company’s financing capabilities, which has enabled us to effectively navigate and benefit from the recent years of turbulence in global energy markets. We wish her well in her new endeavors.”