Global Dairy Trade Establishes Singapore Headquarters Amid Expansion
Global Dairy Trade (GDT), a prominent platform for dairy trading, pricing, and insights, has revealed plans to establish Singapore as its global headquarters. This transition is part of GDT's strategic international development and aims to enhance its support for global dairy market participants. The move will unfold progressively over the coming months, subject to regulatory approvals.
According to GDT CEO Lloyd Cartwright, this decision reflects the company's strong board and shareholder support for its long-term growth agenda. Cartwright emphasized that GDT has significantly evolved to become a truly international platform, supporting customers across multiple global dairy markets. Establishing the headquarters in Singapore positions GDT closer to international markets and customers, aiding its long-term development.
GDT, founded in New Zealand in 2008, has grown into a major trading platform for core dairy products and dairy derivatives. Its GDT Events platform facilitates transactions between buyers and sellers from over 60 countries, handling approximately $2-3 billion annually.
The selection of Singapore is strategic, given its status as a leading international trade hub with connectivity to global markets and trading ecosystems. This move also highlights the increasingly interconnected and data-driven nature of global dairy markets, as customers demand greater transparency and efficiency.
In addition to the new headquarters, GDT has expanded its executive leadership team in Singapore. Wendy Walker has been appointed as Chief Marketing Officer, Caroline Brennan as Chief Customer Officer, and Sajeewa Dayaratne as Chief Technology Officer. All three executives will report directly to Cartwright.
Despite the transition to Singapore, GDT will maintain a significant team and technological presence in New Zealand, where its origins lie. Auction operations will continue in Berlin. The company is jointly owned by Fonterra, New Zealand Exchange (NZX), and European Energy Exchange (EEX).
