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Theisen Securities Ltd is a privately owned company incorporated in 1989 by Philip Bailey. Theisen adheres to high ethical standards and attracts and retains highly motivated and committed employees with comprehensive experience and expertise. Read More

About

Theisen Securities Limited (Theisen) initially undertook loan arranging work and provided corporate finance advice to major shipping and offshore drilling clients in Scandinavia, Europe, Russia and the Middle East. This work continues today with an emphasis on strategic financial planning and modelling, information memorandums and investment prospectuses to assist clients in raising debt and equity capital.

In 2000 the company developed a database (ShipData) to record on a consistent basis historical ship time charter rates, operating costs, new building and second hand prices at age specific anchor points for all major vessel subtypes on a quarterly basis back to 1980. The database continues to grow and is now maintained on a monthly basis for most vessel subtypes and on a quarterly basis for other more specialised vessels where infrequent market data is available.

In 2002 Theisen, under the name Theisen Risk, started to provide banks with shipping credit risk stochastic modelling and advisory services. In 2004 Theisen Risk launched ShipTransactor, its own shipping credit risk model and assessment system that was integrated with Theisen’s ShipData. The system has the ability to accurately assess probability of default (PD) and loss given default (LGD) that is compliant with the Bank for International Settlements (BIS) Basel II/III Advanced IRB approach and has been approved by several European bank regulators. The system can also assess other risk components of shipping projects and companies that can provide lenders and investors with a competitive insight and business advantage.

In 2008 a sister model, ShipPredictor, was launched providing vessel earnings and values forecasts at required confidence intervals. In 2012 Ship Price Indicator (SPI), Theisen Risk’s online vessel valuation tool was launched providing users with indicative vessel prices, price trends and volatility data.

In 2014 Box Transactor, Theisen’s credit risk assessment model for containership box leasing was developed and launched.

Team

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    R. Philip Bailey | Managing Director

    +44 (0) 1883 716 066 (222)

    vCard

    Background
    Prior to forming Theisen in 1989, Philip was at Citibank for 17 years. He joined the bank in 1972 as an Executive Trainee and over time became Vice President and a Senior Credit Officer. During the last 7 years with the bank he worked in the London shipping department becoming the department head responsible for ship financing in the UK, Scandinavia and Northern Europe.

    Philip is the senior advisor for corporate finance and credit risk clients and is responsible for the conceptual development of all company products, business development and commercial strategy. With over 30 years of industry knowledge, Philip regularly presents to clients including banks, ship owners and insurance underwriters / brokers and is a frequent speaker at conferences specialising in shipping finance, credit risk assessment (BIS Basel II & III) and ship valuation. Philip has chaired three international shipping finance conferences, two in London and one in Oslo.

    Philip has a BSc (Hons) in Civil Engineering and an MBA specialising in finance and operations research. He is an elected member of the Chartered Institute of Securities and Investment and is authorised by the FCA as an investment and corporate finance advisor. Philip is also member of the Business Advisory Committee for the Henley Business School International Shipping and Finance programme.
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    Alexander Bailey | Director

    +44 (0) 1883 716066 (224)

    vCard

    Background
    Alex joined Theisen in 2009 and splits his time between providing credit risk analysis to bank clients and providing market research and project feasibility reports to corporate finance clients.

    Alex is responsible for the day to day management of the company and as company secretary is also the chief administrative officer, responsible for certain tasks under the Companies Act.

    Alex has a BSc in Real Estate Management, is an associate member of the Chartered Institute of Securities and Investment and is currently studying for the FRM exams.
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    Richard Burrage | Director

    +44 (0) 1883 716066 (225)

    vCard

    Background
    Richard joined Theisen in 2008 and as Director of Analytics he is responsible for overseeing all financial and credit risk analysis, statistical and computational modelling, database management, product development and optimisation of existing systems. Richard has a BSc (Hons) in Mathematics and Physics and has recently passed the CFA level III exam.
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    Peter Westwood | Senior Analyst

    +44 (0) 1883 716066 (226)

    vCard

    Background
    Peter joined Theisen in 2010 and his principle focus is providing credit risk analysis to bank clients on loan portfolios and ad-hoc transactions. Peter is responsible for maintaining, updating and validating the company’s core database to drive Theisen’s credit risk models. Peter provides senior management with analytical support, research reports and assists with the development of the company’s risk models. Peter has a BSc (Hons) in Mathematics and Physics, an MSc in Mathematics of Scientific & Industrial Computation and is currently studying for the CFA level II exam.
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    Andrew Webb | Analyst

    +44 (0) 1883 716066 (227)

    vCard

    Background
    Andrew joined Theisen in 2015 and is responsible for maintaining, updating and validating the company’s online vessel valuation database and model. Andrew provides senior management with analytical support and research reports. With a strong understanding in five programming languages (C#, Java, Javascript, PHP, Python), Andrew assists in the development of Theisen products and maintains the company's website. Andrew has a BSc in Natural Sciences.
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    Jennie Hicks | Office Manager

    +44 (0) 1883 716066 (221)

    vCard

    Background
    Jennie joined Theisen in 2006 and is responsible for providing administrative support to the team, managing the office on a day to day basis, managing third party providers and is the first point of contact to our clients and visitors.
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    Gordon Hall | Consultant - Legal

    +44 (0) 1883 716066

    vCard

    Background
    Gordon began working with the Theisen team in 2015 to assist in the development of its innovative shipping fund, Omnibus Finance.

    Gordon enjoyed a 32 year career (25 years as partner) at international law firm Norton Rose Fulbright LLP, specialising in shipping finance, until his retirement in 2013, when he began working as a Consultant. While at Norton Rose Fulbright LLP, he gained extensive international experience having worked in Bahrain, Singapore and Hamburg as well as in London and represented major ship owners, shipping investors and lenders to shipping. Gordon’s experience includes leasing, capital markets work, joint ventures and corporate transactions. He has advised on the shipping aspects of IPOs and bond issues and negotiated complex Dutch CV financings and ECA backed shipping loans in several jurisdictions. He also has experience in the negotiation of ship charters and pools and in transactions involving the purchase and disposal of shipping companies or their business.

    Up to his retirement from practice in 2013, Gordon was recommended for many years in the Legal 500 UK and was ranked as a leading individual in transport in Chambers & Partners Directory.

Team

  • +

    R. Philip Bailey | Managing Director

    +44 (0) 1883 716 066 (222)

    vCard

    Background
    Prior to forming Theisen in 1989, Philip was at Citibank for 17 years. He joined the bank in 1972 as an Executive Trainee and over time became Vice President and a Senior Credit Officer. During the last 7 years with the bank he worked in the London shipping department becoming the department head responsible for ship financing in the UK, Scandinavia and Northern Europe.

    Philip is the senior advisor for corporate finance and credit risk clients and is responsible for the conceptual development of all company products, business development and commercial strategy. With over 30 years of industry knowledge, Philip regularly presents to clients including banks, ship owners and insurance underwriters / brokers and is a frequent speaker at conferences specialising in shipping finance, credit risk assessment (BIS Basel II & III) and ship valuation. Philip has chaired three international shipping finance conferences, two in London and one in Oslo.

    Philip has a BSc (Hons) in Civil Engineering and an MBA specialising in finance and operations research. He is an elected member of the Chartered Institute of Securities and Investment and is authorised by the FCA as an investment and corporate finance advisor. Philip is also member of the Business Advisory Committee for the Henley Business School International Shipping and Finance programme.
  • +

    Alexander Bailey | Director

    +44 (0) 1883 716066 (224)

    vCard

    Background
    Alex joined Theisen in 2009 and splits his time between providing credit risk analysis to bank clients and providing market research and project feasibility reports to corporate finance clients.

    Alex is responsible for the day to day management of the company and as company secretary is also the chief administrative officer, responsible for certain tasks under the Companies Act.

    Alex has a BSc in Real Estate Management, is an associate member of the Chartered Institute of Securities and Investment and is currently studying for the FRM exams.
  • +

    Richard Burrage | Director

    +44 (0) 1883 716066 (225)

    vCard

    Background
    Richard joined Theisen in 2008 and as Director of Analytics he is responsible for overseeing all financial and credit risk analysis, statistical and computational modelling, database management, product development and optimisation of existing systems. Richard has a BSc (Hons) in Mathematics and Physics and has recently passed the CFA level III exam.
  • +

    Peter Westwood | Senior Analyst

    +44 (0) 1883 716066 (226)

    vCard

    Background
    Peter joined Theisen in 2010 and his principle focus is providing credit risk analysis to bank clients on loan portfolios and ad-hoc transactions. Peter is responsible for maintaining, updating and validating the company’s core database to drive Theisen’s credit risk models. Peter provides senior management with analytical support, research reports and assists with the development of the company’s risk models. Peter has a BSc (Hons) in Mathematics and Physics, an MSc in Mathematics of Scientific & Industrial Computation and is currently studying for the CFA level II exam.
  • +

    Andrew Webb | Analyst

    +44 (0) 1883 716066 (227)

    vCard

    Background
    Andrew joined Theisen in 2015 and is responsible for maintaining, updating and validating the company’s online vessel valuation database and model. Andrew provides senior management with analytical support and research reports. With a strong understanding in five programming languages (C#, Java, Javascript, PHP, Python), Andrew assists in the development of Theisen products and maintains the company's website. Andrew has a BSc in Natural Sciences.
  • +

    Jennie Hicks | Office Manager

    +44 (0) 1883 716066 (221)

    vCard

    Background
    Jennie joined Theisen in 2006 and is responsible for providing administrative support to the team, managing the office on a day to day basis, managing third party providers and is the first point of contact to our clients and visitors.
  • +

    Gordon Hall | Consultant - Legal

    +44 (0) 1883 716066

    vCard

    Background
    Gordon began working with the Theisen team in 2015 to assist in the development of its innovative shipping fund, Omnibus Finance.

    Gordon enjoyed a 32 year career (25 years as partner) at international law firm Norton Rose Fulbright LLP, specialising in shipping finance, until his retirement in 2013, when he began working as a Consultant. While at Norton Rose Fulbright LLP, he gained extensive international experience having worked in Bahrain, Singapore and Hamburg as well as in London and represented major ship owners, shipping investors and lenders to shipping. Gordon’s experience includes leasing, capital markets work, joint ventures and corporate transactions. He has advised on the shipping aspects of IPOs and bond issues and negotiated complex Dutch CV financings and ECA backed shipping loans in several jurisdictions. He also has experience in the negotiation of ship charters and pools and in transactions involving the purchase and disposal of shipping companies or their business.

    Up to his retirement from practice in 2013, Gordon was recommended for many years in the Legal 500 UK and was ranked as a leading individual in transport in Chambers & Partners Directory.

Theisen Securities Limited is a private limited company, registered in England and Wales with company number 02401040.
Authorised and regulated in the United Kingdom by the Financial Conduct Authority for investment business with reference number 145280.

©2024 Theisen Securities Ltd.

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