Mark Jackson’s surprise move to head the Baltic Exchange has earned the support of his long-standing employer, after the Singapore Exchange (SGX) won Baltic shareholder backing for its $87m takeover.

Jackson – a former Baltic chairman – is to join the exchange as chief executive, replacing Jeremy Penn early in 2017 after working his notice at AM Nomikos.

He is currently director of the London-based commercial operations of the Greek owner-operator, where he has worked for the last 16 years.

Baltic