Board Appointment
ACM Shipping Group plc (AIM:ACMG), a leading international shipbroker, today announces that Jürgen Breuer has been appointed as a non-executive director of the Company with immediate effect.
Jürgen has over 18 years of front line and managerial experience of brokering in financial markets, commodities and shipbroking. His career started as a junior bond market option dealer for Société Générale on the MATIF floor in 1991 which, following dealer appointments at Citibank and Sal Oppenheim, led to a career building interest rate products and freight swap brokering businesses for GFI Group Inc ("GFI"). GFI is a leading provider of wholesale brokerage which serves the global financial markets and is listed on the NYSE.
In October 2003, Jürgen commenced the successful build up of GFI Asia, managing offices in Hong Kong, Singapore, Seoul, Sydney, Tokyo and Shanghai. During this time, he managed cash and derivatives broking desks across all asset classes (foreign exchange, equities, credit, freight), including dry and wet shipping derivatives brokering. In late 2007, Jürgen ran global e-commerce at GFI until his retirement in October 2008.
Peter Sechiari, Chairman of ACM, commented: "I am delighted to welcome Jürgen to the Board of ACM. His extensive entrepreneurial and brokerage expertise, particularly in the Asian markets, will be beneficial for the Group's development and we look forward to his input."
In accordance with Schedule 2(g) of the AIM Rules the following information in relation to the appointment of Mr. Jürgen-Heinz Breuer, aged 45, to the Board of ACM is disclosed:
Current Directorships and Partnerships:
- - Baltic Bau Sellin Geschäftsführungs GmbH
- - Baltic Bau Baltische Bauentwicklungsgesellschaft mbH
- - Baltic Bau Baltische Immobilienverwaltungsgesellschaft mbH
- - Heinrich-Heine-Garten Binz GmbH
- - Dünenhaus Binz Enwicklungsgesellschaft mbH
- - Trayport Limited
Directorships and Partnerships held in the last five years:
- - GFI Group Pte Ltd
- - GFI Korea Money Brokerage Ltd
- - GFI Nittan Airfreight Ltd
- - GFI Advisory (China) Ltd
Save for the information disclosed above there is no other information falling to be disclosed on Mr Breuer under Schedule 2(g) of the AIM Rules.
For further information, please contact:
| ACM Shipping Group plc | |
| Johnny Plumbe, Chief Executive | Tel: +44 (0) 20 7484 6311 |
| Ian Hartley, Finance Director | Tel: +44 (0) 20 7484 6311 |
| ihartley@acmshipping.co.uk | www.acmshippinggroup.com |
| Execution Noble & Company Limited | |
| John Llewellyn-Lloyd | Tel: +44 (0) 20 7456 9191 |
| Harry Stockdale | www.execution-noble.com |
| Media enquiries: | |
| Abchurch | |
| Henry Harrison-Topham | Tel: +44 (0) 20 7398 7702 |
| henry.ht@abchurch-group.com | www.abchurch-group.com |
Notes to Editors
ACM is one of the world's principal shipbrokers, providing a full range of integrated ship broking services for the global market. It is widely recognised as a market leader in oil transportation. The Group's key activities are spot freight brokerage, time charter and project brokerage, sale and purchase, new buildings, demolition and derivatives brokerage. In June 2010, the Group expanded its offering into dry cargo through the acquisition of the business of Endeavour Shipbrokers Pty Limited and has also recently set up a new dry cargo venture in London. This is in line with ACM's stated strategy to become an integrated global ship broking services provider.
Established in London in 1982, the Group has since expanded its international operations with offices based in London, Singapore, India, Australia and China. ACM employs over 130 brokers and support staff who provide clients with global experience and intimate local knowledge of the world's shipping centres. The Group has a strong network of clients which include major oil producers, independent oil traders, ship-owners and operators. The business has been profitable every year since it was founded.
ACM was admitted to AIM on 6 December 2006. For more information on the Group please visit www.acmshippinggroup.com