Investment bank Cleaves Securities has acquired Gersemi Research and appointed the founder and CEO of Gersemi Research, Joakim Hannisdahl, as head of research.
Cleaves Securities is a specialised investment bank focused primarily on the marine, energy and real estate sectors. Cleaves is a privately owned and independent group of companies in investment banking, shipbroking and shipmanagement with a 40-year history. The group has offices in Oslo, New York and Singapore.
Hannisdahl commented: “As our brand became increasingly acknowledged in the shipping industry, the time was right to find more ways to utilize our strong research platform. We have successfully built a proven track record of alpha generating investment advice, outperforming the market and consensus by 270% since 2014, but increasingly had to spend time focusing on non-core parts of our business.”