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.