Fearnley Securities has found a new chief executive from within its own ranks, it confirmed today.
Respected finance man Marius Halvorsen has been appointed to replace Even Matre Ellingsen who is taking the top at Astrup Fearnley.
Halvorsen joined Fearnley Securities in 2015 as chief executive of its new US operation, having previously headed RS Platou Markets' US business.
Ellingsen, who will succeed the long-serving Jon-Aksel Torgersen as the chief executive of Astrup Fearnley, said he was proud to have recruited from within the organization.
“After a thorough evaluation process of both internal and external candidates, it came clear that Marius possess the talents we were looking for, including a proven investment banking transaction track-record, broad international experience and a deep commercial drive and mind-set,” he added.
Torgersen, who is chairman of Fearnley Securities, said Halvorsen had delivered strong commercial growth and significantly contributed to expanding the firm’s footprint in the US capital markets.
While Fearnley Securities has yet to publish its 2018 accounts, it experienced a strong first half and is expecting a solid positive full-year performance.
Notable transactions of late have included taking Okeanis Eco Tankers public last summer, a bond amendment for Olympic Subsea, handing a tap issue for Fjord 1, and Awilco Drilling’s private placement last week.
Halvorsen began his career at Goldman Sachs and worked for AMA Capital Partners and Bluewater AM before joining RS Platou in 2010. He moved to Fearnley Securities in 2015.
“I am excited about the opportunities ahead and look forward to develop Fearnley Securities through our talented professionals, targeted strategic focus, and continued international expansion,” he said in a statement today.
Astrup Fearnley was founded in 1869 and today has 13 offices in 10 countries employing 350 people.
