Shipping veteran David Palmer says rumours of his departure from the industry have been greatly exaggerated.

After quitting Singapore's IMC Group last month, Palmer has resurfaced as an investment banker at Norway's Pareto Securities.

Palmer, who has taken on the role of managing director at Pareto's newly established Singapore office, says he has been tasked with building Pareto's business in Asia, marketing Pareto products and services to Asian customers and helping bridge the capital requirements and resources of the East and West.

"I