Shipbrokers Ifchor and Galbraiths have signed their planned merger agreement to create a new 300-person brokerage with a global presence.
The companies said on Wednesday that the integration of the new combined group, which will comprise 21 offices, is now “well underway”.
“Since our announcement in November of our intention to merge, we have been delighted by the positive feedback from colleagues and clients around the world,” the new partners said in a short statement.
“Joining forces is driven by an opportunity to add more value to our clients through a wider network, better research and greater digitalisation to meet the challenges of a fast-evolving shipping industry.”
Dry bulk-focused Ifchor and tanker and sale-and-purchase specialist Galbraiths officially unveiled their much-rumoured merger plans in November.
The new management, which will be headed by co-chief executives Manu Ravano from Ifchor and Galbraith's Bjorn Andersen, said the full integration of the new group is expected to be finalised within the first quarter of 2023.
Some of the joint team met together in Lausanne in Switzerland as the merger agreement was signed.
A new logo has also been unveiled.
- Due to start trading: Start of 2023
- Executive chairman: Ghigo Ravano
- Joint CEOs: Manu Ravano and Bjorn Andersen
- Headquarters: Lausanne, Switzerland
- Staff: Around 300
- Offices: 20 comprising Lausanne, Geneva, Zug, London, Genoa, Monaco, Copenhagen, Bergen, New York, Houston, Seattle, Tokyo, Seoul, Beijing, Shanghai, Singapore, Melbourne, Mumbai, New Delhi and Dubai
- Areas of operations: dry bulk, tankers, offshore, renewables, sale and purchase, projects, research, advisory, environmental services
- Merger website: www.ifchorgalbraiths.com
