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OW Bunker, one of the world’s largest suppliers and traders of marine fuel oil, has announced the appointment of Anders Agerberg as the General Manager of its new risk management team in Singapore.

Anders Agerberg has a wealth of experience in the financial services industry, having worked for over ten years at Danish financial services group Nykredit.

Since 2004 he was chief representative of Nycredit’s Marbella office, which he established. He also spent seven years as head of the commercial department of Nycredit’s Copenhagen office, where he was responsible for the creation of a new department including sales, recruitment and accounting.

In a company statement, OW Bunker said "This latest news highlights the company’s rapid expansion in the region, following two recent appointments to the team in June 2008, as well as a significant increase in its client base that are realising the value of OW Bunker’s specialist risk management expertise in locking in costs and increasing profitability in the current volatile economy."

Commenting on the appointment, Morten Dehn, head of risk management, OW Bunker, said: “I am delighted to welcome Anders Agerberg to the OW Bunker team, and I am confident that he will make a great contribution to the continued success of our risk management division.

"This latest appointment highlights the rapid expansion that OW Bunker has made in the region. It is clear that customers want to work with suppliers that really understand their businesses, as well as the issues and challenges that the industry faces in these current turbulent times with fluctuating fuel prices and volatile global economies. All our risk management teams are working closely with our customers to help them minimise their exposure to these risks, locking in costs, increasing efficiencies and maximising profits as much as possible.”

OW Bunker established its risk management division in Singapore in September 2007. It has now grown to four people, with plans for further recruitment as the business expands in the region.