Swiss brokerage Ifchor has hired away the Shanghai boss of Braemar ACM and are building up a new sale and purchase team in Lausanne, Athens and China.

Meanwhile, the company is opening a Dubai dry cargo chartering desk under the name Ifchor Middle East.

In an announcement, the company confirmed TradeWinds' report earlier today that former Braemar ACM broker George Eliades and Ifchor veteran Tiziano Paravagna will serve as directors of the new S&P operation, respectively from Athens and Lausanne.