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20.06.2006

Senior management changes in DVB's Aviation Finance team

DVB Bank AG, the Frankfurt based specialist in transport finance, is pleased to announce that Frank Wulf will relocate to London with effect from 1st August to take up the position of Regional Head of Aviation "Europe, Middle East & Africa". Mr Wulf will transfer to London from Singapore after eight years as Regional Head of Aviation "Asia/Pacific" and almost six years as Deputy Managing Director of DVB's wholly-owned subsidiary DVB Group Merchant Bank (Asia) Ltd in Singapore.

In his new role, Wulf will head the team responsible for relationship management and business origination across the Bank's Aviation clients in Europe, Middle East & Africa. He will be directly reporting to DVB's Global Head of Aviation, David Goring-Thomas, who has also been in charge of the EMEA region prior to Wulf's appointment.

In Singapore, Vicente Alava-Pons, a Senior Vice President in the Singapore Aviation team, will be promoted to succeed Wulf as Regional Head of Aviation "Asia/Pacific" with effect from 1st August.

DVB has also very recently hired aircraft finance specialist Silke Tipper (nee Richter) to join the Bank's Aviation Finance team in London. She adds ten years of financing experience to the team, joining from her latest position as Director with KfW IPEX-Bank's Representative Office in London.

Note to Editors:
DVB Bank AG, based in Frankfurt/Main, is an international advisory bank and finance house that specialises in the global transport market. DVB offers integrated financing solutions and advisory services in respect of Shipping, Aviation, Land Transport, and Transport Infrastructure. The Bank operates out of offices in Frankfurt/Main, Hamburg, London, New York, Rotterdam, Hong Kong, Singapore, Tokyo, Bergen, Piraeus, and Curaçao. DVB Bank AG is listed on the Frankfurt Stock Exchange (ISIN: DE 0008045501).

Contact:
Prof. Dr. Borislav Bjelicic, Phone +49 69 9750-4390, Fax +49 69 9750-4333, DVB Bank Aktiengesellschaft, Corporate Communications, Friedrich-Ebert-Anlage 2-14, 60325 Frankfurt/Main, Germany, borislav.bjelicic@dvbbank.com, www.dvbbank.com