HSH Nordbank CEO wants to exit contract

The state-owned German bank is one of the biggest in maritime finance and currently grappling to sell off bad shipping loans. Now the bank could also be looking at a new CEO over the next few months.

While Hamburg-based HSH Nordbank, which is state-owned and one of the world's biggest providers of shipping finance, prepares to sell billions of dollars worth of non-performing loans in an effort to privatize, the bank's CEO Constantin von Oesterreich has asked to be released from his contract.

According to Bloomberg and other media, 62 year-old von Oesterreich, whose contract expires October 2017, wants to be replaced by the bank's current CFO Stefan Ermisch within the coming mnths.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs