Mercuria taps Singapore fund manager Envysion for new source of finance

The agreement with Envysion represents a rare partnership with a fund for Mercuria, one of the world’s biggest oil traders

SINGAPORE: Trading house Mercuria and Singapore-based asset manager Envysion Wealth Management have agreed to co-invest in mining and energy projects, as default-hit banks tighten their purse strings and leave commodities firms seeking other funding.

The deal will see Mercuria present potential projects for investment to Envysion, founded and led by former Julius Baer banker Veronica Shim.