Investec strengthens shipping & marine business with senior appointment

Finance, HR, Shipfinance — By on May 21, 2014 at 8:04 PM

thInvestec Corporate and Institutional Banking (‘Investec’), part of Investec Bank plc, has appointed Patrick Caron-Delion to its Shipping and Marine Finance team, which is headed up by Jeremy Dean. He will work with Investec’s shipping clients to assist them with a broad range of financing requirements and in managing risks associated with the shipping business as well as originating new transactions and helping to develop distribution networks.

Patrick joins Investec from Lloyds Banking Group, and, prior to that, the Allco Finance Group where he held senior management positions focused on the maritime sector. Patrick has over 20 years’ experience in this sector covering a wide range of disciplines from structured ship financing, debt and lease financing, portfolio sales and acquisitions, vessel management and company run-off.

Jeremy Dean, Head of Shipping and Marine Finance, Investec Corporate and Institutional Banking, said: “We are delighted to welcome Patrick to the team. This is a key appointment by the bank and is representative of our commitment and ambitions in the maritime sector. This will significantly broaden the depth of experience we can bring to bear and will be highly beneficial to our clients.”

“We have spent the past few years successfully developing our shipping and marine activities and this new appointment will add great momentum to this effort. Investec has extensive experience of the transportation sector through its various activities in aircraft finance and project finance across its core territories in Africa, Europe, Australia, North America and India. Shipping and Marine Finance has now firmly become an important element within our transportation offering.”

Patrick Caron-Delion added: “I am very excited by this new opportunity and convinced that there is an even more significant role for Investec to play in today’s ship finance market where both innovation and balance sheet are required.”

Investec Bank plc is a subsidiary of the Investec group which is an international specialist bank and asset manager www.investec.com. The Investec Corporate & Institutional Banking division provides a wide range of specialist products, services and solutions to select corporate clients, public sector bodies and institutions.

“Jo”

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