Rolls-Royce relocation

Rolls-Royce has announced that it is relocating its global Marine headquarters from London to Singapore in order to direct focus on Asia-Pacific markets.

The global power systems company already conducts a number of operations from the region and has been active in its marine industry for more than 30 years. The company also plays a key role in Singapore's aerospace industry, accounting for more than 15 per cent of the country's aerospace output.

The new Marine headquarters will be responsible for business development, marketing and corporate services for the division.

John Paterson, president of Rolls-Royce Marine, said: ‘Rolls-Royce is a global business and while Europe remains a significant market for Marine, headquartering our business in Singapore further enhances our global position and will facilitate the development of growing markets in Asia. Working closely with key customers and suppliers in the region, we will capitalise on Singapore’s central position and maritime expertise as we continue to develop our business.’