[SINGAPORE] Concord Energy has hired Jason Lai to take charge of its crude oil trading business, the Singapore-based company's chairman and owner Nasrat Muzayyin told Reuters in an email.

Mr Lai, who starts with Concord Energy on Monday, reports to Li Bo, head of trading at the company, he said.

Mr Lai was formerly a senior crude oil trader at Singapore-based ZenRock Commodities Trading which is now under judicial management.

ZenRock owed more than US$600 million to creditors after it was hit by tumbling oil prices and the coronavirus pandemic.

REUTERS