Bomin Strengthens Credit Team with Key Appointment

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By MarEx 2015-11-13 11:24:14

The Bomin Group, a leading global physical supplier and trader of marine fuel oil, today announced the appointment of Kieran Michael Brown as a Credit Management specialist.

Kieran Michael Brown has a wealth of experience in the bunkering industry,. He joins Bomin during an important period where the company is ambitious to meet its growth targets by expanding in key territories, and strengthening its global team.

Kieran Michael Brown joins a strong global credit management team which is located in Hamburg, London, Houston, Hong Kong, and Groningen. He will be based at Bomin’s office in the Netherlands, supporting the business in Europe and Africa by ensuring that credit and counterparty risk are managed effectively and in line with the company’s commercial strategy.

Paul Millar, Head of Global Credit, Bomin Group stated: “Effectively managing credit and counterparty risk are critical in today’s bunker market. We are delighted that Kieran Michael Brown has joined the Bomin team, and we are confident that he will add real value to the company and our customers, as we look to drive further growth.”

Prior to joining Bomin, Kieran Michael Brown led the credit department at Bunkers International Corp. where he oversaw credit policy, sanctions compliance, asset recovery and credit insurance. Earlier in his career, he worked as a senior analyst and as a senior shipping and commodities analyst. He has accreditations in bunker trading, competitive intelligence, qualitative analysis and predictive markets.

The Bomin Group has been active in the bunker business for more than 35 years via its subsidiaries and is one of the world’s leading independent suppliers and traders of bunker oil. The business portfolio covers activities ranging from the supply of bunker fuels to lubricants and other services to the shipping industry. The company operates around the globe with a staff of more than 300 in 36 offices worldwide. Bomin is 100 percent owned by Mabanaft, a subsidiary of Marquard & Bahls AG.

Mabanaft GmbH & Co. KG is the trading division of Marquard & Bahls, a Hamburg-based family-owned company that operates in the fields of energy supply, trading and logistics. Mabanaft’s business encompasses the import and wholesale of petroleum products. Furthermore, the company is active in bunker services, service stations, heating-oil retail, lubricants and biofuels.

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