Commodities trader Trafigura Group is hiring Temasek Holdings Pte executive Khodor Mattar, as it seeks to team up with the world’s biggest private equity firms and sovereign funds for investments, people familiar with the matter said.

Mattar is joining Trafigura in a newly-created position as head of capital development, the people said, asking not to be identified because the information is private. He’s currently a managing director for the Americas at Temasek, the Singapore state-owned investment firm.

In his new role, Mattar will develop debt and equity partnerships with top alternative capital providers, the people said. Trafigura aims to team up with these funds for investments that will help it expand across petroleum products, metals and minerals and renewables, the people said.

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