Omar Nokta, a managing director at Dahlman Rose & Co. who covered marine transportation, left the investment bank yesterday after nine years.
Nokta probably will seek a job with a shipping company, Bill Herbert, director of research at New York-based Dahlman Rose, said by phone today. Sam Margolin, a vice president who follows the refining industry and a former research associate with Nokta, is adding marine transportation to his duties, according to Herbert.
“He wanted to do something new, and his most likely outcome will be going into the industry,” Herbert said of Nokta. “That seems to be a trend these days of investment professionals.”
Nokta’s recommendations on 34 maritime stocks from Frontline Ltd. to DryShips Inc. (DRYS) returned 0.8 percent over the past year, data compiled by Bloomberg show. He followed companies that own vessels hauling commodities from iron ore to liquefied natural gas.
Dahlman Rose ranks 231st among 1,143 advisers for equity issues, with 17 transactions in the last year, data compiled by Bloomberg show. The bank helped to underwrite a sale of Textainer Group Holdings Ltd. shares in September, according to the data.
To contact the reporter on this story: Michelle Wiese Bockmann in London at firstname.lastname@example.org
To contact the editor responsible for this story: Alaric Nightingale at email@example.com