Braemar PLC Braemar Continues to Build its Securities Offering
November 03 2022 - 10:01AM
RNS Non-Regulatory
TIDMBMS
Braemar PLC
03 November 2022
RNS Reach 3 November 2022
BRAEMAR PLC
("Braemar", the "Company" or the "Group")
Braemar Continues to Build its Securities Offering
-- Ten-strong Natural Gas desk will all start work at Braemar in November
-- The new desk will primarily broke EU gas, UK National
Balancing Point (NBP) gas, and LNG, as well as European Union
carbon allowances (EUAs)
-- The desk is a natural complement to Braemar's Securities desks
Braemar (LSE: BMS), a provider of expert investment, chartering,
and risk management advice to the shipping and energy markets,
today announces the launch of a ten-strong Natural Gas desk.
Braemar is responding to a clear need in the Energy market for
assistance navigating volatile rate changes and price
fluctuations.
The Natural Gas desk is another addition to Braemar's Securities
offering, which has substantially grown revenue and market share in
recent years. Braemar's Dry Cargo FFA, Coal (physical and
derivatives), and Wet FFA desks now employ almost 30 people.
Braemar's Securities desks contributes more than 12% to Braemar's
total revenue.
The launch of Braemar's Natural Gas desk follows the successful
acquisition and integration of Atlantic Brokers in 2018, the launch
of BraemarScreen.com in 2020 that brought new levels of price
transparency to dry freight derivatives, and a highly successful
two-decade Wet FFA partnership with GFI.
Braemar's Natural Gas desk will primarily deal in EU gas, UK NBP
gas, and LNG. It will also broke EUA (Carbon ETS) allowances. The
desk serves a sophisticated and demanding client base, including
many of Europe's leading energy companies as well as banks and
hedge funds, and Braemar's new brokers are well-known in the
markets for their long track record of success. The team is in
place and will start trading as soon as all regulatory requirements
are fulfilled.
Tris Simmonds, COO of Braemar , commented, "Providing access to
more energy products was always part of our growth strategy, there
are clear synergies with our shipping desks and our clients need
greater market access. We've brought in a talented young team with
a good track record. They will provide us with a strong platform to
add more products."
Newly appointed Marc Jarvis, Head of Natural Gas at Braemar
Securities Ltd , commented, "We're excited to be joining Braemar, a
company that shares our values and our ambitions. The Wet and Dry
Cargo FFA desks have strong reputations and market share. We have
similar client bases, and there is great opportunity to expand the
breadth of activities."
ENDS
About Braemar Plc ("Braemar")
Braemar provides expert advice in investment, chartering, and
risk management to enable its clients to secure sustainable returns
and mitigate risk in the volatile world of shipping and energy. Our
experienced brokers work in tandem with specialist professionals to
form teams tailored to our customers' needs, and provide an
integrated service supported by a collaborative culture.
For more information, including our investor presentation,
please visit www.braemar.com and follow Braemar on LinkedIn.
Contact
Nick Arthur
Head of Corporate Affairs
+44 7732 874708
nick.arthur@braemar.com
Buchanan
Charles Ryland / Stephanie Whitmore / Jack Devoy
Tel +44 (0) 20 7466 5000
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