In an email to clients, the Houston-based equity analyst said he was “in the process of leaving” the firm but failed to elaborate further.

“It has been a pleasure working with you on my coverage of Asian and US-listed shipping equities,” he wrote.

“I hope to resurface in an investment research and/or corporate finance & development capacity.”

When contacted by TradeWinds, Pak declined to discuss the reasoning behind his departure but said he expects Clarkson Capital to continue to issue research notes going forward.

Many