Merrill Hires Friedman, Breaks into Shipping

Merrill Hires Friedman, Breaks into ShippingIn yet another sign of how hot shipping is in the capital markets, Freshly Minted understands that Mark Friedman has left Goldman Sachs to start a global shipping practice at Merrill Lynch. While at Goldman, Mark called on North American clients like OMI, OSG and General Maritime, though we understand Merrill’s efforts will be global. Adding Merrill to the mix gives shipping companies more access to the retail investor market through their enormous network of retail stockbrokers, something we really haven’t seen fully developed in the past. Unlike many investment banks, Merrill is also a lender when need be. We wish Mark the best of luck in building the practice on what is without a doubt a mighty platform.
In yet another sign of how hot shipping is in the capital markets, Freshly Minted understands that Mark Friedman has left Goldman Sachs to start a global shipping practice at Merrill Lynch. While at Goldman, Mark called on North American clients like OMI, OSG and General Maritime, though we understand Merrill’s efforts will be global. Adding Merrill to the mix gives shipping companies more access to the retail investor market through their enormous network of retail stockbrokers, something we really haven’t seen fully developed in the past. Unlike many investment banks, Merrill is also a lender when need be. We wish Mark the best of luck in building the practice on what is without a doubt a mighty platform.

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