14th Jul 2025 14:00
(Alliance News) - Braemar PLC on Monday said it has opened its first office in Africa, located in Cape Town, South Africa.
The London-based provider of investment, chartering and risk management advice to shipping and energy markets said the office opening "marks a significant step towards the recently announced targets under Braemar's new strategic framework".
It said the framework drives "operational excellence, diversification and consolidation".
The new office, which takes Braemar's global footprint to 19 offices across 14 countries, will be led by Bryn Ressell and Clinton Schultz.
"This is an exciting milestone for Braemar as we expand into Africa for the first time. Our new Cape Town office reflects our commitment to broadening our reach into key strategic markets and delivering against our strategic framework," said Chief Executive Officer James Gundy.
Bryn Ressell, head of Braemar South Africa, added: "We are delighted to be joining Braemar and launching the South African office. Combining Braemar's global footprint and experience, with our in-depth knowledge of the local market, we look forward to working with our new colleagues and servicing our clients."
Shares in Braemar were up 0.2% at 214.50 pence in London on Monday afternoon.
By Michael Hennessey, Alliance News reporter
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