DVB bank hires head of new Shipping Asset Management division
Keith McRae joins DVB in London
DVB Bank SE today announces that Keith McRae has recently joined DVB in London as the head of its new Shipping Asset Management arm. Keith moves from Bank of Scotland where he previously handled a number of large and higher leverage transactions. He was previously employed with DVB from 2001 to 2006.
Shipping Asset Management is a service developed by DVB to meet the needs of the banking and financial investor community in relation to credit challenges being faced in the current asset backed shipping market. The unit is targeted at assisting such institutions in providing them with access to a wide range of restructuring and recovery techniques, and to assist in managing such situations to best effect. The service provides a confidential and comprehensive service in reaching solutions to any difficulties experienced, with the aim of achieving the best financial outcome possible given the circumstances of each particular case. Using the services will significantly reduce the risk of failure, and increase the prospects for achieving a satisfactory result