Posted on: 13 December 2022
Braemar Plc (LSE: BMS), a provider of expert investment, chartering, and risk management advice to the shipping and energy markets, today announced the expansion of its Corporate Finance desk to Athens, Greece, and the appointment of Stefanos Fragos to spearhead its growth in the region.
Braemar is responding to a clear need in the market from shipowners in Greece and the Mediterranean for expert counsel in the equity and debt capital markets, advisory for mergers, acquisitions, restructuring, and help originating, structuring and delivering tailor- made ship finance solutions.
Amongst several other promising opportunities for 2023, Braemar sees great potential in sourcing capital from Asia and making this available to smaller and medium sized Greek shipowners.
Stefanos Fragos joins Braemar from alternative finance provider Yieldstreet where he ran the Athens office. Prior to that he was a senior banker in DVB Bank’s Greek office for more than a decade. Stefanos will work closely with Braemar’s Corporate Finance offices in London, Hamburg, and Singapore, as well as its S&P and Newbuilding desks globally.
The arrival of Corporate Finance to Braemar’s Athens office (pictured) is the latest investment in Braemar’s ability to meet the need amongst its Greek clients for the highest level of expertise and practical experience. Led by Head of Athens, Dimitris Kyrtsos, Braemar is now able to provide the full range of chartering, shipping investment advisory, and shipping risk advisory directly from Athens to its Greek clients.
Axel Siepmann, Global Head of Corporate Finance, commented, “We have been looking for the right candidate for a long time and we are very grateful that Stefanos has agreed to join our team. Stefanos’s skills and professional experience will enable us to immediately promote Braemar’s financial advisory service offering in Greece, which combines raising debt and equity capital, but also transaction support and restructuring advice.”
Stefanos Fragos, Head of Corporate Finance in Greece, commented, “I am delighted to be joining Braemar’s global network of Corporate Finance specialists, and offering Greek owners focused financing and advisory services accretive to their forward-looking aspirations.”
