Fredrik Falch, head of shipping corporate finance at Arctic Securities, is leaving for a new role in the Glastad group.

The investment banker has been recruited to run a new maritime advisory services division for the Norwegian family.

Falch said: “Having spent six busy and intensive years with Arctic Securities, it is with mixed emotions I today enjoy my last day at the firm.

“All good things come to an end and I will, after a short gardening leave, start my next endeavour at the Njord Group.”

Njord Group is part of Glastad Holding’s Glastad Capital investment arm.

“Njord will establish a maritime advisory entity alongside its other businesses,” Falch said.

In the last week, the Glastad family has already poached Fearnley Securities’ head of shipping equity research Peder Nicolai Jarlsby as chief executive/investment director at group shipping company Mosvolds Rederi.

Falch has 20 years of experience in investment banking, across corporate finance, equity sales and equity research.

Prior to joining Arctic Securities in April 2016, he worked at Pareto Securities between 2005 and 2015.

There he held various positions in shipping analysis, equity sales, managing director of the New York office, and shipping corporate finance.

Falch has also worked at Fearnley Fonds and Arthur Andersen.

Interesting developments

Falch told TradeWinds that it is difficult to comment further on Glastad’s plans for the new service, due to his gardening leave.

However, it should be along the same lines as the group’s Njord Securities property business, he added.

Falch said hopefully there are more interesting moves to come.

Mosvolds Rederi has a number of shipping subsidiaries, including Njord Shipping.

Njord is listed with 20 vessels, including 12 handysizes, six multipurpose ships and a small tanker.

VesselsValue assesses the fleet as worth $358m.

Decarbonisation drive

But in recent months, the company has been moving more into shipping decarbonisation and future fuels.

This began with the formation of Amon Maritime, which is looking to manage ammonia-fuelled ships with Bernhard Schulte Shipmanagement.

Amon also has a joint venture called Viridis Bulk Carriers, which is set to order a fleet of small hydrogen-fuelled bulkers. The company is also an ammonia project.

Then there is Azane Fuel Solutions, which is focusing on bunkering infrastructure for green ammonia in northern Europe.

Farsund-based Glastad is headed by Endre Glastad, who holds a majority of its shares.