NEW YORK, April 19, 2017 /PRNewswire/ — Bankers Capital International and Cleaves Securities AS today announced the expansion of investment banking operations in the maritime shipping and transportation sectors. The parties also announced the appointment of two senior maritime shipping and transportation investment bankers, Sandy Reddin and Kathleen Menten, to join the New York-based team.
Commenting on the announcement, Per Olav Karlsen, Cleaves’ Chief Executive Officer, said: “Our overall growth strategy has consistently contemplated a high-quality, U.S.-based platform. The combination of our recently announced relationship with Bankers Capital International and now the acquisition of Sandy Reddin and Kathleen Menten marks the successful completion of our objective.”
Todd M. DeMatteo, Senior Executive Director of Bankers Capital International, added: “Like bulge-bracket investment banks, Bankers Capital International provides its clients with advanced investment banking skills and deep connectivity. As a boutique firm, however, we can maintain the very personal, high-touch attention of our senior investment bankers to every transaction, during the entire process. We believe that the addition of Cleaves, Reddin and Menten to our platform furthers our model and broadens our competitive edge, worldwide.”
Messrs. Karlsen and DeMatteo said that they anticipate additional, follow-on announcements.
About Cleaves Securities AS
Cleaves Securities AS is an independent financial services provider, regulated and authorized by the Financial Services Authority of Norway. The firm offers a range of investment banking services in the maritime industries and commercial real estate sector. Cleaves engages in corporate and project finance, incubation of new companies, structuring, restructuring and capital markets activities. A sister company, Cleaves Shipbroking, with a 40-year history, is a specialist ship transaction and project broker.
About Bankers Capital International
Bankers Capital International is a boutique investment bank, headquartered in New York City, focused on multiple sectors in the United States, Asia, Europe, and LatAm. The firm advises middle-market clients on matters such as M&A’s, capital raises, restructurings, turnarounds, and strategic planning. The firm also provides its clients with C-suite and boardroom expertise through its sister company, BCI Advisors Inc, a vertically oriented team of senior executives, each of whom has had leadership roles in their specific industry or profession. Bankers Capital International is registered with the Securities and Exchange Commission and is a member of FINRA and SIPC.
About Sandy Reddin
Sandy Reddin is a senior investment banker with numerous years of international management and transactional experience. He has held key management positions, including Head of Investment Banking and industry head, with various investment banks including KGS Alpha Capital Markets, Knight Securities, Jefferies LLC, and ABN AMRO. Mr. Reddin has covered multiple industry sectors including Maritime Shipping, Energy & Resources, Metals & Mining, and Aerospace, Defense, and Government (“ADG”).
About Kathleen Menten
Kathleen Menten is a senior capital markets professional with years of experience in institutional sales and syndication. She was Head of Sales & Syndicate, Investment Banking, for KGS Alpha, and a Managing Director with Knight Capital. Ms. Menten started her career at Morgan Stanley & Co. in the institutional middle markets group.
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SOURCE Bankers Capital International