Camper & Nicholsons to open Singapore office
The global brokerage house has confirmed it will soon have an office in Singapore following the opening of its Middle East hub in Dubai last year.
Dr Peter Lam and Paolo Casani, Chairman and CEO of Camper & Nicholsons respectively
Camper & Nicholsons has confirmed its plan to open an office in Singapore this year as part of its expansion plans for Southeast Asia and the Mediterranean, alongside reinforcement of its position in the US. C&N is majority owned by Lai Sun, which is headquartered in Hong Kong where the brokerage house has an office.
Paolo Casani, CEO of C&N, said: “The opening of a new office in Singapore will improve our reach and presence the Southeast Asia. Our Hong Kong office opened its doors four years ago and we seek to improve our presence in Asia. We are building our company for future generations.”
Last year, as C&N celebrated its 240th anniversary, the company announced its expansion in the Middle East with the opening of a new office in Dubai.
C&N also reflected on a successful year in 2022 across all departments, with 5.5 km of yachts managed in both charter and yacht management, plus 700 charter bookings amounting to 5,416 charter days. The company’s charter forecast for 2023 is positive as bookings are up 20 per cent on the same time last year.
“It was a record year for our company in terms of both retail and charter management revenues,” Casani said. “Globally, we managed €2.2 billion assets value in charter in 2022.”
For sales over the last 10 years, C&N had an 18.7 per cent market share (yachts by length) of the industry’s top five brokerage companies.
In 2022, the company launched a new website and an innovative crew and compliance software, upgrading the infrastructure of the yacht management department.Giovanni Alessi Anghini, Chief Technology Officer at C&N, said: “IT infrastructure plays a big role in the company’s growth. Today we are not only envisioning the future but also executing it.”