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HSH Nordbank names new CEO

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HSH Nordbank names new CEO

appointed StefanErmisch as CEO, effective June 10.

TheGerman lender announced the appointment May 9, thereby confirming an earlierreport about the potentialdeparture of current CEO Constantin von Oesterreich.

Ermischis the bank's CFO and deputy CEO. Oliver Gatzke will become HSH Nordbank's newCFO.

Boardmember Matthias Wittenburg, who is responsible for corporates and markets, willalso leave the bank on June 10. He will be replaced by Torsten Temp.