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DnB NOR Markets Announces New Appointments

Maritime Activity Reports, Inc.

August 10, 2011

DnB NOR Markets announces analyst appointments to its energy, offshore and maritime equity research team in Singapore.

Kay Lim, CFA, has been appointed the bank’s new Head of Securities Research for Asia. Kay is also the regional offshore and yards analyst for Asia Pacific. He was recently ranked the number one stock picker for Singapore industrials sector by StarMine. Lim has more than four years' experience as a securities specialist in the offshore sector with DnB NOR Markets and had prior experience as an equity generalist with Credit Suisse focusing on the energy and materials sectors.

Erik Bergöö joins the Singapore office as regional shipping analyst from the bank’s headquarters in Norway. He is a graduate of Chalmers University, Sweden with an MSc in industrial economics and management.  He has also completed the business bridge program at the Tuck School of Business, Dartmouth University USA. He has seven years shipping market experience from Fidelity investments, Pareto Securities and DnB NOR Markets.

Lucas Huang has become the regional energy analyst for Asia Pacific, focusing on the upstream oil & gas sector. Huang joined DnB NOR in Aug 2010, focusing on upstream oil & gas research. He possesses deep dive market knowledge of the Indonesian and Australian exploration and production sector. Prior to DnB NOR, he spent three years with Third Avenue Management, a US-based $16 billion deep value fund, where he focused on Pan Asian securities across all sectors.

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