Bedranowsky,54, will initially take charge of risk management before slipping into Lunde’srole when he departs at the end of this year.

“DVBBank aims to further strengthen its position in financing the global transportsector,” it said in a statement.

“Withthe appointment of Ralf Bedranowsky, DVB has been able to attract a renownedindustry expert: he has a successful track record, with many years of globalmanagement experience in traditional banking and lending business as well as ininvestment banking.”

Bedranowskyhas