Golden Ocean Group Limited, the world’s largest listed owner of large size dry-bulk vessels, has appointed Cato Stonex to its board of directors.

The Bermudian-registered, Norwegian-based, Nasdaq-listed company said Mr Stonex has had a long career in fund management, initially with J Rothschild Investment Management.

He was then a founder and partner of Taube Hodson Stonex for 20 years, which managed institutional portfolios of global equity mandates.

THS was sold to GAM in 2016, after which he established Partners Investment Company, which focused on stock picking in small and mid-cap equities, largely in Europe.

In 2021, Partners Investment Company became Stonex Capital Partners Ltd and that same year Mr Stonex also funded WMC Capital, an investment company focused on the recovery of the global shipping industry.

He holds an undergraduate degree from the London School of Economics and Political Science, where he served for ten years as a governor and is now an emeritus governor.

He has chaired its development committee and is now an adviser to the endowment investment committee.

Mr Stonex is closely involved with LSE Ideas, a leading academic think tank.

Golden Ocean’s business involves transportation of dry-bulk cargo including ores, coal, grains and fertilisers through its fleet of owned and chartered vessels, bare boat vessels and commercial management vessels, chartered-out on fixed-rate time charters and index-linked time-charter contracts.