Lila Global, the rapidly expanding shipowning company of cash-buying giant GMS, has appointed a seasoned manager to become its chief executive.

Steve Kunzer, a former managing director at Tanker Pacific Management (Singapore) and chief executive at Idan Ofer’s Eastern Pacific, will become chief executive of Lila Global from 31 January.

The announcement was made by London-listed Braemar, where Kunzer has been serving as a non-executive director since February 2019.