Clarksons push into investment banking has taken a step forward with the world’s largest shipbroking and shipping services group securing approval to operate in Dubai.
Subsidiary Clarksons Investment Services received regulatory consent from the Dubai Financial Services Authority and the Middle East centre is now added to operations in London, Houston and New Orleans.
Clarksons also announced that John Sinders would be joining the group as senior executive officer of Clarksons Investment Services Dubai.
Mr Sinders was previously with US investment bank Jefferies, where he was head of shipping and oil services.
He has also held senior positions in energy at Howard Weil in the US and the Royal Bank of Canada.
Mr Sinders will work along side Andrew Meigh, managing director of Clarksons Investment Services in London.
Clarksons’ chief executive Andi Case said the members of Clarkson’s investment services teams had “an impressive track record, having closed over $50bn in shipping and oil service transactions in their careers collectively”.
Clarksons started targeting investment banking towards the end of 2007, and in September of last year received regulatory consent in the UK.
Earlier this year, the group concluded a joint venture with Johnson Rice, based in New Orleans, to service the US market.
Clarksons’ investment services business offers a range of financial advisory services, including merger and acquisition advice, restructuring advice, private and public placements of equity, debt placements and Islamic finance.
Subsidiary Clarksons Investment Services received regulatory consent from the Dubai Financial Services Authority and the Middle East centre is now added to operations in London, Houston and New Orleans.
Clarksons also announced that John Sinders would be joining the group as senior executive officer of Clarksons Investment Services Dubai.
Mr Sinders was previously with US investment bank Jefferies, where he was head of shipping and oil services.
He has also held senior positions in energy at Howard Weil in the US and the Royal Bank of Canada.
Mr Sinders will work along side Andrew Meigh, managing director of Clarksons Investment Services in London.
Clarksons’ chief executive Andi Case said the members of Clarkson’s investment services teams had “an impressive track record, having closed over $50bn in shipping and oil service transactions in their careers collectively”.
Clarksons started targeting investment banking towards the end of 2007, and in September of last year received regulatory consent in the UK.
Earlier this year, the group concluded a joint venture with Johnson Rice, based in New Orleans, to service the US market.
Clarksons’ investment services business offers a range of financial advisory services, including merger and acquisition advice, restructuring advice, private and public placements of equity, debt placements and Islamic finance.