Deutsche Bank hires global head of shipping

Deutsche Bank - External

Deutsche Bank has announced that Klaus Stoltenberg will join the Bank on 15 April 2014 as Global Head of Shipping.

In his new role, Stoltenberg will be responsible for coordinating all Deutsche Bank activities with shipping industry clients. He will manage the coverage team to leverage the broad product expertise in the best interest of clients.

Based in Hamburg, Stoltenberg will report to Raj Bhattacharyya, Head of Capital Markets and Treasury Solutions for Western Europe, and Armin von Falkenhayn, Co-Head of Corporate Banking & Securities for Germany.

Raj Bhattacharyya, Head of CMTS for Western Europe, said: 'Klaus brings significant expertise and deep insight of the global shipping industry and client base. With this appointment, we continue our commitment to this sector, offering best in class services to small and medium maritime enterprises and major international ship owners and operators'. Armin von Falkenhayn, Co-Head of Corporate Banking & Securities for Germany, adds: 'Deutsche Bank is well positioned to continue offering its shipping clients superior banking and financing solutions over the coming years. With Klaus Stoltenberg we will further strengthen this segment and connect lending and capital markets business in the best interest of our clients'.

Stoltenberg brings significant industry expertise from over 15 years experience in shipping and project finance. Most recently he served as the Global Head of Ship and Aircraft Finance at NORD/LB.

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