The new chief executive of Norwegian broking and finance group Astrup Fearnley is wasting no time in implementing one of the biggest structural changes in the firm’s 150-year history.
Marius Hermansen has said brokers will be allowed to become shareholders in the company alongside the Astrup Fearnley Foundation, which currently owns the shipbroker outright.
Hermansen, who joined on 1 July this year, said it is too early to say what ownership stake the foundation set up by the late Hans Rasmus Astrup would hold in the broking group after the sell down.
