NEWS RELEASE 25thSeptember 2023
THE PRAX GROUP APPOINTS MAARTEN VAN WESEMAEL AS MANAGING DIRECTOR - MIDDLE EAST & ASIA
The Prax Group has appointed Maarten van Wesemael as Managing Director - Middle East & Asia.
Maarten will be responsible for the Group's strategic development in the Middle East and Asia-Pacific region and will be based in the company's Singapore office. As a senior banker with a career spanning over 20 years, Maarten brings with him vast experience in high value transactions, banking products, business development, finance and working capital solutions, with a strong knowledge of the energy sector.
A Dutch national who resides in Singapore, Maarten joins the Prax Group having previously held senior roles at BritNRG, Lloyds Banking Group and BNP Paribas. An experienced leader and skilled relationship manager, Maarten's significant global experience and wealth of sector-specific knowledge will be invaluable as the Prax Group continues its activities in the Middle East and Asia-Pacific marketplaces, and beyond.
Commenting on Maarten's appointment, Chief Executive Officer, Sanjeev Kumar Soosaipillai, said: "We are delighted to welcome Maarten to the Prax Group. Our success as a company has been achieved through our entrepreneurial spirit and our reputation for excellence in everything we do, and with his vast industry knowledge and experience, Maarten is the ideal high-calibre candidate to head up our Middle East & Asia teams. He will no doubt prove to be a very valuable asset to the Group as we continue our long-term growth trajectory, with a strategy for executing our vision for the future."
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Notes to Editors
About The Prax Group: Headquartered in the UK, the Prax Gorup is a British multi-national, independent exploration and production, refining, storage, distribution and sales conglomerate dealing in petroleum products and bio-fuels. The Prax Group has a complete integration across the whole oil value chain, from upstream to midstream and downstream, with offices in London, Houston and Singapore. The Group strives to limit its carbon footprint and to embrace the advent of transitional fuels.
Corporate Headquarters:
Prax Group
York House
45 Seymour Street
London W1H 7JT
United Kingdom
Email: press@prax.com