Bankers Capital International and Cleaves Securities Announce First Global Correspondent Initiative

NEW YORK, March 28, 2017 /PRNewswire/ -- Bankers Capital International and Cleaves Securities AS today announced the inauguration of their first global initiative.  Under the plan, Bankers Capital International and Cleaves Securities AS will leverage their respective networks, knowledge base and offices to provide their national and international clients with investment banking and capital formation services, worldwide.   The companies will operate as correspondents through their investment banking offices currently located in New York, Oslo, London, and Singapore. 

Commenting on the announcement, Per Olav Karlsen, Cleaves' Chief Executive Officer said: "Cleaves has a rich history in international ship brokerage and financing activities in the shipping and transportation industry.  The correspondent relationship with Bankers Capital International will provide Cleaves with broader access to the US markets, a wider base of skilled investment bankers, and a substantial framework of regulatory compliance."      

Todd M. DeMatteo, Senior Executive Director of Bankers Capital International, added: "Our clients engage us based on our knowledge, deal creativity and reach.  Cleaves is a perfect extension of our capabilities and strengths.  Through today's announcement, we will gain physical presence in key financial centers around the world and we will open the shipping and transportation verticals to the institutional investors with whom we work."

Messrs. Karlsen and DeMatteo said that they anticipate a follow-on announcement in the next few weeks.

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.

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SOURCE Bankers Capital International