The UK broker’s executive chairman JohnnyPlumbe told TradeWinds Jewell was always going to return and had only intended to spendtwo years in the Middle East after the office was founded in 2012.

He added Jewell might stay with ACM or hemight decide to do something else.

Joint managing partner of ACM ICONShipping, Rohan Shetty, will remain in charge of the six-strong team in theUAE.