Gunvor rebrands as Centalion Group, plans headquarters move from Cyprus to Singapore

Singapore, Singapore. Global commodities trader Gunvor has rebranded as Centalion Group and announced plans to move its corporate headquarters from Cyprus to Singapore. The planned relocation marks a significant change for an international energy trading group that has used Cyprus as its legal base.

Restructuring and planned relocation

The employee partnership that owns the company approved the name change and planned redomiciliation as part of a broader restructuring following a management buyout completed in December 2025.

The relocation remains subject to regulatory approvals and documentation. The group has maintained a presence in Singapore since 2006.

The company said its decision reflected Singapore’s established legal and business environment, financial and trading infrastructure, and international business community.

For Cyprus, the move would mean the loss of the corporate headquarters of a major global commodities trader. However, the company’s announcement does not indicate that all of its Cypriot operations will disappear.

Trading network and performance

Centalion’s principal trading offices will continue to operate from Singapore, Geneva and Houston. The group also has trading hubs in Calgary, London and Stamford.

The company employs more than 2,000 people globally and reported record trading volumes during the first half of 2026.

Company leadership comments

“The name Centalion reflects who we are: one team, moving together, at the heart of the global energy markets,” said Gary Pedersen, chairman and chief executive of Centalion.

“We’re making this move from a position of strength,” he said.

“Together we have built a disciplined, entrepreneurial firm that is accelerating our position as one of the world’s leading physical energy and metals traders,” Pedersen added.