12th December 2017
Duncan Dunn appointed new Baltic Exchange chairman
Duncan Dunn has been elected Chairman of the Baltic Exchange Council with effect from 2 January 2018. He replaces Lambros Varnavides who has held the position since November 2016. Duncan Dunn is a Senior Director at SSY Futures and has served as Baltic Exchange Vice Chairman since 2017.
Commenting on the appointment Baltic Exchange Chief Executive Mark Jackson said:
“Duncan Dunn has been an energetic member of the Baltic Board for a number of years; is highly experienced in the freight derivatives market; and has an intimate understanding of the needs of the broad Baltic Exchange membership. The Baltic Council is a key body which gives voice to our membership and ensures that our products and services meet their needs. I’m delighted that he will now be our Chairman.”
He added:
“I would like to thank Lambros Varnavides for his great work during his term of office and helping steer the Baltic through its first year under ownership of the Singapore Exchange (SGX).”
Duncan Dunn said:
“Having been a member of the transaction committee for the sale of the Baltic, I am thrilled to have the opportunity to continue working toward its long-term success. The transition, from a member owned organisation into a new ownership structure, will not be without challenges, but I am confident that the Baltic will continue to serve the interests of its members and the wider shipping community. I look forward to the year ahead and to the pleasure of seeing old friends and meeting many more of the Baltic’s members. As a member of the FFA community I will continue to promote their use to a global audience."
The Baltic Exchange Council is the governing body which oversees the Baltic, including its Membership Committee and Charities Committee, in relation to the Baltic Exchange’s strategy for membership services, social responsibility, charities and relationship with its members, governments, regulatory bodies and the global shipping community. Duncan Dunn has worked in the derivatives industry since 1986 in both broking and fund management roles, at companies including Rudolf Wolff Fund Management Ltd, Union CAL Ltd, and Man Financial Ltd.
In 2004 Duncan joined SSY Futures Ltd and is a Senior Director, responsible for business development, marketing and regulatory compliance.In July 2009 Duncan was appointed a director of the Baltic Exchange and has additionally served as a director of Baltic Exchange Index Services Ltd and Baltic Exchange Derivatives Trading Ltd (Baltex). In 2017 Duncan became Vice Chairman of the Baltic Exchange Council.
SSY Futures Ltd is a specialist Forward Freight Agreement (FFA) and dry bulk commodity derivatives broker and is part of Simpson Spence Young, the largest privately held shipbroker in the world. Duncan Dunn lives in London and is married with three children. His hobbies include fishing, shooting and gardening.
ENDS
For further details (including hi-res photo), please contact:
Bill Lines+44 (0)20 3326 8460
E: blines@navigatepr.com
Notes to editors
About the Baltic Exchange
The Baltic Exchange is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 640 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic. Baltic Exchange members are responsible for a large proportion of all dry cargo and tanker fixtures as well as the sale and purchase of merchant vessels. In November 2016, the Baltic Exchange was acquired by Singapore Exchange (“SGX”), bringing together complementary strengths of Singapore and London, two of the world’s most important maritime centres.Baltic Exchange services
- Independent, high quality dry, wet and gas freight market information
- Self-regulated chartering, sale and purchase and freight derivatives markets
- Central forum for competing freight market interests
- Framework ensuring high standards of business practice and co-operation
- London-based business facilities for members