A critical pillar of the global economy and a capital-intensive industry, demand for ship finance is expected to sustain its continued growth. Frequent entries and recent exits resulting from regulatory changes and the industry’s cyclical nature have created a fluid funding base with ever-increasing participation by institutional investors.
Capital velocity is critical in this volatile space, yet investing in and divesting from assets is difficult and time-consuming given the shifting nature of the demand side.
iLex is well positioned to address gaps in the market by offering unprecedented reach to funders and deal opportunities, and the effective identification of relevant investors. The fintech has thus launched its maritime finance strategy and has welcomed Dipak Karki to its team as Maritime Business Advisor.
Dipak is a seasoned ship finance specialist passionate about serving institutions navigating across the maritime financial space, with 25+ years of experience in banking, structured products, debt origination, restructuring and distressed loan solutions.
Dipak joins from Galbraith’s, where he was Head of Financial Advisory & Capital. In his role, Dipak was instrumental in setting up Galbraith’s Financial, the financial advisory arm of the ship broking firm. Prior to Galbraith’s, Dipak was Head of Shipping Coverage at The Royal Bank of Scotland and oversaw shipping coverage for multiple regions and he also had consultancy roles with private equity and significant shipping companies.
At iLex, Dipak will help grow the fintech’s relationships with Banks and non-traditional ship financiers and provide the team with deeper insights into the ship finance industry. He will also support and grow the fintech’s digital solutions.
“I am excited to help bring the fragmented ship finance market together through iLex,” said Dipak on joining iLex. “Shipping finance professionals can stand to benefit from efficiencies iLex’s technology and solutions bring plus help focus on more critical elements such as determining investor suitability, credit quality and execution.”