Risk Advisory Division Launches Power Desk
Summary by AI BETAClose X
14 September 2026
BRAEMAR PLC
("Braemar", "the Company" and together with its subsidiaries the "Group")
Risk Advisory Division Launches Power Desk
Braemar plc (LSE: BMS) announces the launch of a dedicated Power brokerage desk within its Risk Advisory (Securities) division, led by Alastair Richardson. Alastair joins from Tradition Financial Services, one of the world's largest interdealer brokers, where he was Head of Power and Coal. He brings over 15 years' experience in energy markets, specialising in power and related commodities.
The new desk, based in Dubai, extends Braemar's derivatives offering into electricity markets and delivers on one of the specific objectives the Group set itself for this financial year.
The Power desk is the latest addition to the Risk Advisory division, adding to the existing Forward Freight Agreement, Coal, Natural Gas, JKM (the key LNG pricing benchmark for Asia) and Cross-Commodity Option desks, which have grown over recent years. Each addition has broadened the Group's capabilities and service offering to clients.
As freight, energy and commodity markets become progressively interconnected, clients are increasingly looking for a broker that can provide insight, liquidity and risk-transfer solutions across markets through a single relationship. Power strengthens that proposition, connecting another critical part of the energy complex to our existing expertise and relationships.
Grant Foley, Group Chief Executive Officer, said:
"Establishing a new Risk Advisory desk was one of the specific targets we set ourselves for this year as we grow the division to £30m revenue by FY30 as part of the objectives set out in our strategic framework. The launch of the Power desk delivers on that and is a further example of the Group investing to build a more diversified and resilient business. The infrastructure, compliance and governance we have built up over recent years allows us to attract talent and build new desks with the opportunity for further growth going forward."
Enquiries:
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Braemar Plc |
Tel: +44 (0) 203 142 4100 |
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Grant Foley, Group Chief Executive Officer Richard Heading, Group Chief Financial Officer |
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Houston |
Tel: +44 (0)20 4529 0549 |
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Kate Hoare / Charlie Barker / Polly Clarke |
Tel: +44 (0)77 3303 2695 |
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Canaccord Genuity |
Tel: +44 (0) 20 7523 8000 |
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Adam James / Harry Rees |
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About Braemar Plc
Braemar provides expert advice in chartering, shipping investment, and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping. Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers' needs, and provide an integrated service supported by a collaborative culture.
Braemar joined the Official List of the London Stock Exchange in November 1997 and trades under the symbol BMS.
For more information, including our investor presentation, visit www.braemar.com and follow Braemar on LinkedIn.
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