An Oslo-based equity analyst said he plans to move over to banking duties within the same bank after nearly a decade in research.

Nicolay Dyvik told contacts via his LinkedIn account that he will head shipping within the investment banking arm of DNB Markets after spending nine years leading shipping equity research.

"I'm looking forward to meeting clients and starting new business relationships in my new role," Dyvik said over the weekend.

TradeWinds has contacted the DNB man for further comment.

Other switchers

Dyvik is far from the first stock picker to make the jump to the banking team.

In the US, Doug Mavrinac made the same transition in 2017 after 14 years on the research side, replacing Jeffrey Pribor, who took his current role as chief financial officer of New York tanker owner International Seaways.

Mavrinac left the analyst's role to long-time associate Randy Giveans, who still heads the bank's shipping coverage.

A year earlier, Clarksons Platou Securities analyst Omar Nokta made a similar jump, opting to head investment banking within the US office in New York.

Nokta has since switched back to analysis as head of US research in New York.

Nokta acknowledged he had looked to an example within his own company. Clarksons Platou's top investment banker for shipping, Erik Helberg, had once been a respected analyst for Pareto Securities.