LOC Group appoints new Group Director, Hull & Machinery and Due Diligence Services

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LOC Group has announced the appointment of Nikos Benetis as Group Director of Hull & Machinery and Due Diligence Services. He has been with LOC since 2017, previously in the role of Director of Financial Institution Advisory Services, and takes on his new role as part of the Group’s ongoing initiative to structure its shipping division to reflect the changes in the industry and client’s needs.

Mr Benetis has over 20 years’ experience in the Maritime and Finance Industries, which include several years at Lloyd’s Register and at RBS as Director of Distribution, Capital & Asset Management in Shipping.

Joint Chief Executive Officer of LOC Group, Jerome Rutler, said: “I’m delighted to announce Nikos’ appointment to this important role within the LOC Group as we embrace the exciting changes taking place within the shipping industry. LOC intends to be at the forefront of the technological change underway, as digital platforms and data analytics play a larger role.

“LOC’s highly qualified team, supporting clients across the globe either from our London HQ or one of our 32 international offices, are focused on providing the highest levels of service.”

Mr Benetis, commented: “The shipping industry is going through a period of transition, which presents both risks and opportunities for our clients. LOC’s role is therefore to guide and assist clients in navigating this changing environment, from technological developments to the shifting regulatory landscape, such as the impact of IMO 2020.

“I believe LOC, through its full-service offering, is uniquely well placed to provide this support, managing these challenges and ensure our clients continued success.”