DGAP-News: DVB Bank SE to expand its Board of Managing Directors


DGAP-News: DVB Bank SE / Key word(s): Change of Personnel
DVB Bank SE to expand its Board of Managing Directors

05.08.2016 / 18:00
The issuer is solely responsible for the content of this announcement.

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Frankfurt/Main, 5 August 2016 - DVB Bank SE (DVB) announces that on 30
November 2016, Bertrand Grabowski will step down from the Board of Managing
Directors and leave DVB after reaching the age of 60. On 1 December 2016,
David Goring-Thomas, presently DVB's Industry Head Aviation Finance, will
succeed Bertrand Grabowski as Board Member in charge of the Bank's Aviation
Finance and Land Transport Finance business.

Frank Westhoff, Chairman of DVB's Supervisory Board, ‎stated:
"We would like to thank Mr Grabowski for more than a decade of very
valuable contribution to DVB's development. The Aviation and Land Transport
platforms built and developed under his leadership are much appreciated in
the industry, and have provided a stable and healthy profit contribution
throughout such period. I am delighted to welcome Mr Goring-Thomas as a new
member of the Board of Managing Directors, who has been groomed for this
role internally over the years. He has been an employee of DVB for more
than 15 years and he is widely recognised among his peers as one of the
best professionals - both internally and in the market. We are looking
forward to benefitting from his contribution to DVB's global franchise."

Ralf Bedranowsky, Chairman and CEO of DVB's Board of Managing Directors,
commented:
"We are sorry to let Bertrand Grabowski go, but respect his decision and
desire to spend more time for personal projects. My colleague Bart
Veldhuizen and I are excited to welcome David Goring-Thomas to the Board of
Managing Directors. He is a seasoned senior executive of the Bank, whose
expertise and leadership are widely recognised inside and outside DVB, and
who has been instrumental in growing our Aviation business so successfully
over the past 15 years."

In addition, Christian Hagemeyer will strengthen DVB's management team with
effect from 1 April 2017, at the latest. He will be appointed to the Board
of Managing Directors where he will be responsible for risk management.
DVB's Board of Managing Directors will therefore expand from three to four
members.

Christian Hagemeyer joins from Helaba Landesbank Hessen-Thüringen, where he
has been responsible for the bank's international credit risk management as
Division Head since May 2005. Currently, he bears responsibility for
Corporate Finance (including Shipping and Aircraft Financing), Financial
Institutions, Corporate Clients and for the business with the Savings Banks
Finance Group. From 1987 to 2005, Mr Hagemeyer worked for Deutsche Bank,
where he served in various leading positions within the bank's risk
management at home and abroad. In his last executive position at Deutsche
Bank, he was overseeing credit risk management in the Northern German
region.


Frank Westhoff, Chairman of DVB's Supervisory Board, explained:
"DVB aims to further stabilise and strengthen its position in financing the
global transport sector. With the appointment of Mr Hagemeyer, we have been
able to attract a renowned industry expert: he has a successful track
record, with many years of global management experience in traditional
banking and lending business. The changes to DVB's Board of Managing
Directors demonstrate a composition of the Bank's senior management team
dedicated to continuity and sustainable success in the international
transport markets."

These appointments are subject to the customary approval by the regulatory
authorities responsible.


About DVB Bank SE:

DVB Bank SE, headquartered in Frankfurt/Main, Germany, is the leading
specialist in the international transport finance business. The Bank offers
integrated financing solutions and advisory services in respect of Shipping
Finance, Aviation Finance, Offshore Finance and Land Transport Finance. DVB
is present at all key international financial centres and transport hubs:
at its Frankfurt/Main head office, as well as various European locations
(Amsterdam, Athens, Hamburg, London, Oslo and Zurich), plus offices in the
Americas (New York City and Curaçao) and in Asia (Singapore and Tokyo). DVB
Bank SE is listed at the Frankfurt Stock Exchange (ISIN: DE0008045501).
Further information is available on www.dvbbank.com.


Contact for this press release:

Elisabeth Winter
Head of Group Corporate Communications
Managing Director
Phone: +49 69 9750 4329
E-mail: elisabeth.winter@dvbbank.com


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05.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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   Language:    English                                               
   Company:     DVB Bank SE                                           
                Platz der Republik 6                                  
                60325 Frankfurt am Main                               
                Germany                                               
   Phone:       069-97504-329                                         
   Fax:         069-97504-850                                         
   E-mail:      info@dvbbank.com                                      
   Internet:    www.dvbbank.com                                       
   ISIN:        DE0008045501                                          
   WKN:         804550                                                
   Listed:      Regulated Market in Frankfurt (General Standard);     
                Regulated Unofficial Market in Dusseldorf, Stuttgart  
 
 
   End of News    DGAP News Service  
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489779 05.08.2016
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