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Galbraith’s Appoints Hubbard Managing Director

Maritime Activity Reports, Inc.

June 18, 2009

International shipbroker and consultant Galbraith’s Ltd has appointed Nick Hubbard as its new managing director. Hubbard has twenty-five years’ experience as a shipbroker, most recently as a senior director and major shareholder at Howe Robinson Shipbrokers in London. He said, “This is an exciting opportunity for me. Galbraith’s is an internationally known and highly respected company which operates with a strong team ethic and has more than its share of high-performing brokers.  I see opportunities to develop both corporate and individual potential still further within the company.”

Galbraith’s chairman Richard Sayer, said, “Separating the roles of chairman and managing director is simply a matter of good corporate governance. Since I joined Galbraith’s in 2002, my role has been akin to that of a senior partner in a limited company whose ethos is to operate as a partnership of equals. Galbraith’s is a non-hierarchical organization which has been efficiently and harmoniously run for many years on a day-to-day basis by its department heads with the hands-on support of the other broker-directors. But we have for some time been seeking to appoint a person to help us put into practice our plans for expansion. That person is Nick Hubbard, and we are delighted to have secured the services of such an experienced and respected individual to lead Galbraith’s on to new challenges and further success.”

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