BRS Group has revealed a change in its top management with the promotion of long-serving broker Gilbert Walter.

A statement said Walter took over as chief executive of BRS Shipbrokers in October last year, replacing Francois Cadiou, who remains chairman of holding company BRS International, as well as chartering solutions company AXSMarine.

The group, which is more than 150 years old, is headquartered in Luxembourg but works mainly out of Paris.