Michael S. Pak joined AXIA Capital Markets in May 2017, as Managing Director leading the firm’s coverage of institutional clients. For over 15 years, Michael has held senior positions in global equity research and capital markets. Most recently, in 2015, he was a Senior Advisor for Meriel Partners, a global boutique investment bank, based in Seoul, South Korea and in 2014 he was a Managing Director of the Capital Markets Group at JonesTrading Institutional Services, where he founded the maritime transportation and industrials practice in New York. Prior to JonesTrading, between 2010 and 2013, Michael was a Senior Vice President and Equity Research Analyst, covering global shipping at Clarkson Capital Markets (CCM), where he also established the US and Asian equity research platforms. Michael has been recognized by StarMine for earnings accuracy and participates in major shipping industry conferences around the world. He has been frequently quoted on Bloomberg, Reuters, and other media outlets. During 2007-09, Michael was a Vice President and Senior Analyst in the Equity Research Department of Bank of America Securities LLC (BAS), where he covered Shipping, Transportation & Logistics. In 2005-07, he served as a team analyst for BAS Packaging and Paper research team, which ranked #1 on Institutional Investor’s “All-America Research Team”. Prior to joining BAS, he was a team analyst for the #1 ranked Packaging research group at Citigroup Investment Research, during 2000-05. Michael is a member of the CFA Institute and the New York Society of Security Analysts. He earned a BSc degree in Economics from New York University’s STERN School of Business and an MBA from Cornell University’s SC Johnson School of Management.