Maritime Jobs
Friday, March 22, 2019

Banking News

From left: Navin Mahajan and Dale Walsh (Photos: Chevron)

Chevron Announces Leadership Changes

president and treasurer, effective February 1, 2019, and Dale Walsh vice president of Corporate Affairs, effective March 1.Mahajan, who is currently vice president, Finance Downstream & Chemicals, succeeds Randy Richards, who is retiring from Chevron after 40 years of service. Mahajan will oversee banking, financing, cash management, insurance, pension investments, and credits and receivables activities across the corporation. He will report to Patricia Yarrington, Chevron’s vice president and chief financial officer.Walsh, currently Chevron’s president of Americas Products, has been

Dorothea Ioannou (Photo: The American Club)

American P&I Club Manager Prepares for Further Growth

American Club and its associated enterprises.  He joined the Managers in 2016 as Senior Actuary & Risk Manager, bringing with him over twenty-years of varied insurance and financial experience, having served in actuarial, risk management, treasury and compliance roles at global insurance and banking institutions. He is an Associate of the Casualty Actuarial Society (ACAS) and a Member of the American Academy of Actuaries (MAAA). He is also the American Club's appointed actuary for purposes of presenting its statement of actuarial opinion from year to year

Teekay Offshore Partners Appoints Interim CFO

and a 49 percent interest in Teekay Offshore GP LLC.Cowan brings 15 years of finance experience, including principal investing, asset management, capital markets and advisory work, exclusively focused on the energy sector on a global basis. Prior to joining Brookfield, Cowan worked for the wholesale banking division of a Canadian chartered bank and at an independent brokerage firm.  Cowan holds a Bachelors of Arts in Economics & Mathematics from McMaster University, and a Master of Arts in Economics from the University of Calgary

Beth McCague (Photo: JAXPORT)

JAXPORT Names McCague Interim CFO

.Prior to joining JAXPORT, McCague managed the $1.6 billion Jacksonville Police & Fire Pension Fund through a transition in leadership, stabilizing and modernizing the organization. She is a current corporate board member of Ameris Bancorp and has served in many high level positions with major banking and investment firms.McCague is a member of the UF Health Jacksonville Board of Directors, and is currently finance committee chairperson. She is also past chair of the University of Florida Foundation and co-chaired the $1.5 billion University of Florida capital campaign. Previously, she served

Bryceon Sumner (Photo: Foss)

Foss Names Sumner CFO

experience gained at a number of organizations ranging from education technology and real estate, to architecture and financial services. Prior to joining Foss, Sumner served as COO and CFO for public and private companies, family offices and as a senior financial officer of a $60 billion government banking insurance fund. Most recently, he was CFO of Academic Partnerships, a Dallas-based educational technology provider focused on developing online classroom tools for nonprofit colleges and universities. Sumner’s strong background and expertise in the areas of corporate finance, mergers and

Seaspan Appoints Bing Chen As Chief Executive Officer

,  Chen was the General Manager for Trafigura’s Chinese business operations, where he maintained full P&L responsibility for domestic and international commodities trading in the country.    Between 2009 and 2011 Chen was responsible for building the greater China investment banking practice of Houlihan Lokey, Inc. as the Managing Director and Head of Asia Financial Advisory. Between 2001 and 2009 Chen held various leadership roles in Europe, including as CEO, CFO, and Managing Director of leasing and aircraft chartering businesses. Between 1999 and 2001 Chen worked as a Director

(Photo: Harley Marine Services)

Harley Marine Hires Adlakha as CFO

first Sea Marshal program following the 9/11 terrorist attacks. He later earned a Masters of Business Administration and International Business Diplomacy Certificate from the McDonough School of Business at Georgetown University. Following his Coast Guard career, Sterling held positions in investment banking and equity research before returning to his maritime roots at the Kirby Corporation where he held positions as Corporate Finance Manager, Director of Investor Relations and Finance, and finally, Vice President and Chief Financial Officer of United Holdings LLC

David Turnbull (Photo: Seabury Capital)

Turnbull Named Senior Advisor at Seabury Capital

Seabury Capital LLC has appointed David M. Turnbull as a Senior Advisor. Turnbull will serve to facilitate Seabury Capital’s expansion of its global product and advisory service offerings in specialty finance, investment banking, technology and software applications.   Seabury Capital Chairman, President & CEO John E. Luth commented, “The addition of an experienced and well-respected industry expert such as David Turnbull will advance Seabury Capital’s efforts in serving our clients’ needs. His insights and significant reference points within the aviation, aerospace

James Enston (Photo: KPI Bridge Oil)

KPI Bridge Oil London Ventures Into City of London

for the past 9 years and has moved to the heart of the City of London.   James Enston, Managing Director of KPI Bridge Oil London stated, “This relocation is part of our long-term strategy. Our new office is in a central, city location which is the traditional base for shipping, banking and international trade in London. Our new premises put us in a fantastic position to accommodate growth in our team and serve the wider KPI Bridge Oil Group. At KPI Bridge Oil we put our people first, it is important for me that we provide a professional and vibrant work environment to attract

J.F. Lehman & Company Appoints Hanenberg to Principal

firm focused on the defense, aerospace and maritime sectors, is pleased to announce the promotion of William J. Hanenberg from Vice President to Principal. Hanenberg joined the firm in 2008 as an Associate and has been promoted four times.  Prior to joining J.F. Lehman, he was an investment banking analyst in the Global Industrials Group at Banc of America Securities where he worked extensively in the Aerospace & Defense end-markets. Mr. Hanenberg earned a B.S. in economics from Duke University and an M.B.A. from Columbia University's Graduate School of Business

Credit Suisse Names Perry Global Co-Head of O&G

Credit Suisse on Friday named Tim Perry global co-head of oil and gas investment banking, effective January. Perry - who is being promoted from his current job as regional oil and gas co-head for the Americas - will work together with Osmar Abib, who has led the oil and gas group since 2011, Credit Suisse said in a statement. (Reporting by Brenna Hughes Neghaiwi)

Paul Ƙstergaard (Photo: DMS)

Digital Marine Solutions Names Østergaard Executive Chairman

Executive Officer until 2016 and is widely recognized as a thought leader in shipping e-commerce. Østergaard serves on the boards of ShipServ, Digital Marine Solutions, Founders and the Herlufsholm Foundation.   Digital Marine Solutions is owned by Altor Fund IV and Goldman Sachs merchant Banking

Courtesy Nordic American Tankers Limited

Grosland Joins NAT as VP

Tankers as Vice President, working on analyses, projects and business development. Reporting to Chairman & CEO Herbjørn Hansson in a staff position, he will also work closely with others both in NAT and NAO (Nordic American Offshore Ltd.). Grosland has 12 years of international banking experience as an analyst and broker, focusing mainly on the energy/offshore and the shipping sector. Working from out of New York at the time, he has played a key role in a number of major equity and debt transactions. For several years he was a partner and board member of the investment banking

Hardin Bethea (Photo: Blackhill Partners)

Bethea Appointed Director at Blackhill Partners

Director of Blackhill Partners. “We have long considered him to be a partner, and to have Hardin now officially with Blackhill leading our new Maritime Industry Group will benefit the shipping industry, Hardin and Blackhill.”   With more than 18 years of experience in investment banking, investment management and corporate finance, Bethea has extensive experience in the maritime and seaborne trade industry. He has invested in and advised shipping companies for more than 14 years, across shipping sectors and economic cycles both domestically and internationally.   Prior to

Promotions at J.F. Lehman

firm in 2010 as a Senior Associate and was promoted to Vice President in 2011 and Principal in 2014. Previously, Shor was a private equity investment professional with both D.E. Shaw & Co. and Providence Equity Partners. He began his finance career as an analyst in Morgan Stanley’s Investment Banking division in New York. Shor graduated magna cum laude with a B.S. from the Leonard N. Stern School of Business at New York University, with majors in Finance and International Business and a minor in Fine Arts. Shor currently serves as a director of National Response Corporation, Sprint Energy Services

Key findings enclosed in accompanying Infographic.

DP World Trains Next Generation

their children’s future and yet only 7% said they felt a career in trade and logistics would offer the greatest job prospects for their children. The top 5 industry sectors parents thought offered the best opportunities were Medical / Health Services, IT, Education / Academia, Electronics, and Banking / Finance.   However, when ‘trade and logistics’ was explained to parents in the study, 6 out of 10 showed more interest for their children to work in the industry in the future. Parents were more inclined in the UAE (63%), Egypt (62%) and Morocco (62%).   After knowing

Richards Takes over for Bennett as Chevron VP

financial officer. "He has proven leadership skills and financial expertise, both of which were evident in multiple ways, multiple times over the course of his career."    Richards is currently vice president of Finance for Upstream. In his new role, Richards will lead Chevron's banking, financing, cash management, insurance, pension investments and credit and receivables activities. "Randy's financial acumen and breadth of experience make him well qualified to guide our financing strategies at this important juncture," said Yarrington.    Richards joined

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