Our history

Founded in 2004 by Swiss traders Marco Dunand and Daniel Jaeggi.

Mercuria specializes in trading and supplying physical commodities, investing in strategic assets, providing financing and logistics services and offering solutions to help clients meet their needs, including their net-zero goals.

We have built a strong reputation with our unwavering focus on compliance and rigorous approach to risk management, and we are now regarded as one of the largest privately-owned businesses of our type in the world.

Over the years, we have grown organically through hiring and development of best-in-class talent, and strategically with the acquisitions of the trading unit of JPMorgan Chase & Company, Noble Group’s US gas and power business, and the Aegean Marine Petroleum Network, reorganized as our wholly owned bunkering and maritime subsidiary, Minerva Bunkering.

In recent years, we have made a strategic shift towards advancing the energy transition to more sustainable energy, and have invested in a range of projects from renewables and biofuels, to technology metals and electric vehicle infrastructure, and environmental and carbon management products. We have also launched and support several ESG-focused initiatives, such as a program to improve the health and wellbeing of Earth’s oceans in partnership with Hub Ocean.

Today, Mercuria is one of the world's leading independent energy and commodity trading companies. We operate in over 50 countries across 5 continents, employ over 1300 people of more than 40 nationalities in over 30 locations and generate revenues of over $100 billion.

We remain independent and privately owned by our founders, employees and a group of strategic investors.

The co-founders

Marco Dunand and Daniel Jaeggi have worked together for nearly 40 years, both have extensive trading experience, having traded oil, natural gas, and power in various markets around the world. Beginning their careers together at Cargill International, they both subsequently moved to trading roles at Goldman Sachs’s J. Aron trading unit, Salomon Brothers and Sempra Energy before founding Mercuria in 2004.

Marco Dunand

Co-founder and CEO.

Marco is focused on the Mercuria's overall strategy.

He holds a Master's degree in Economics & Management from the University of Geneva.





Daniel Jaeggi

Co-founder and President.

Daniel is responsible for the company's trading and risk management operations. He has extensive trading experience, having traded oil, natural gas, and power in various markets around the world.

He holds a Master's degree in Political Science from the Institut des Hautes Etudes Internationales.

Together, Marco and Daniel have built Mercuria into one of the world's largest and most successful energy and commodity trading companies, and have been recognized for their contributions to the energy sector. They remain highly active in the day-to-day leadership and management of the Mercuria Group with responsibility for the Group’s trading and risk management operations. Today they are also focused on Mercuria’s commitment to advancing the energy transition.