Former Nord/LB shipping and aircraft finance chief Oliver Faak has joined Singapore investment fund Transport Capital (TC).
TC said Faak has started with immediate effect in Hamburg as partner and co-head for Europe.
Faak managed more than EUR 10bn ($11.37bn) of loans at Nord/LB.
TC managing partner Philip Clausius said: “I am delighted to welcome Oliver as a partner in our organisation and think he will play a very important role in growing our suite of management and advisory services in Europe. Oliver brings a wealth of sector experience and expertise to our team and a very broad industry network."
Faak added: “After many years of working at German banks I am very pleased to join a dynamic and flexible organisation like Transport Capital.
"I have observed the development of the company over the years and have been impressed with the quality of its people and its promising positioning at the intersection of transportation and the capital markets.”
The other European co-head, Henrik Haeder, said: “This will now be the third time in my career that I will be working with Oliver.
"We are absolutely convinced that Hamburg is a perfect base for a transportation focused advisory and investment management firm with strong ties to Asia. Now strengthening our forces is a clear commitment to expand our footprint.”
TC employs a total of 20 people in Singapore, Hamburg and Athens.
Earlier this year it bought shares in Bengal Tiger Line owned by founding partners Schoeller Holdings and Transnaval Schiffahrts for an undisclosed price.
Faak's departure from Nord/LB was reported in August last year.
A Nord/LB spokesperson gave no reason for the move, which came after six years in the top shipping role.
