17.12.2015


Evan Cohen leaves DVB

Frankfurt/Main - DVB Bank SE (ISIN DE0008045501), the Frankfurt-based specialist in international transport finance, today announced that Evan Cohen will leave the Bank as of 1 January 2016.

Mr Cohen joined DVB on 1 October 2001. Since that time he has held several roles, including Managing Director of DVB Group Merchant Bank (Asia) Ltd, Global Head of the Dry Bulk Group, and Head of the European Shipping commercial team. Most recently, he started DVB's Strategic Management and Restructuring Team, whose task it is to manage restructuring and workout cases for the Bank. As this unit's Global Head, since 2013 he has successfully led DVB's Shipping Finance restructuring work during the ongoing shipping sector crisis. Partly due to these efforts, the Bank is well positioned for future Shipping Finance business, and for navigating the portfolio in persistently difficult market conditions.

Mr Cohen is leaving DVB to start his own restructuring and advisory investment practice. He will, however, continue to work with the Bank, consulting and advising upon DVB's closely managed fleet ('warehouse') and technical services.

Ralf Bedranowsky, CEO and Chairman of the Board of Managing Directors, and Bart Veldhuizen, Member of the Board of Managing Directors responsible for Shipping Finance and Offshore Finance, wish to thank Mr Cohen for 14 years of successful cooperation, including the very satisfactory management of some intricate cases in our Shipping Finance portfolio over the last three years. DVB is looking forward to working with him in the future.

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).

DVB Bank SE issued this content on 2015-12-17 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-17 15:05:26 UTC

Original Document: http://www.dvbbank.com/media/press-releases/pr2015/evan-cohen-leaves-dvb.aspx?sc_lang=en