Mark Bussmann new Head of Strategic Treasury at HSH Nordbank

Hamburg/Kiel, June 8, 2012 - Mark Bussmann (43) will head the Strategic Treasury BU of HSH Nordbank as Managing Director as of 11 June. In this role he will report directly to Constantin von Oesterreich, HSH Nordbank's Chief Financial Officer.

Mark Bussmann held senior positions at HSH Nordbank in Germany and Luxembourg for several years before becoming Head of Divestments within the Restructuring Unit in late 2009. In this role he made a major contribution to wind-down the non-strategic capital market portfolios. Prior to this, Mark Bussmann began his professional career in various roles at WestLB, where he was active in Group Treasury for a total of six years. At WestLB, his responsibilities included balance sheet management and strategic liquidity management.

In his new function at HSH Nordbank, the responsibilities of Mark Bussmann - who had left the Bank as of 31 March following his activities in the Restructuring Unit - will include the Bank's liquidity management and planning. These tasks encompass, in particular, strengthening the Bank's funding by means of new strategies to diversify the funding channels, further developing the product range and increasing US dollar funding.

"The Strategic Treasury unit is of key importance for the successful implementation of our new business model as a 'Bank for entrepreneurs'. In Mark Bussmann we have found an experienced manager and proven expert for this unit. Furthermore, due to his many years at HSH Nordbank he understands our Bank's Treasury requirements better than most," said Constantin von Oesterreich, Chief Financial Officer at HSH Nordbank.