HSH Nordbank strengthens its presence on the North American shipping market

Hamburg/Kiel, February 21, 2007 - HSH Nordbank AG has appointed Hugh Baker as Senior Relationship Manager (39) for the North American shipping market. Having recruited Baker, the Bank has succeeded in gaining an experienced specialist. Baker joins HSH Nordbank from ING Bank. There he was also responsible for the North American shipping market.

HSH Nordbank will position itself even more strongly in the region as a partner for shipping-industry customers. “North America is a major capital market for the global shipping industry and one we want to make use of by offering innovative finance solutions to our shipping clients”, said Harald Kuznik, Global Head of Shipping at HSH Nordbank.


HSH Nordbank AG is a strong regional bank in Northern Europe with total assets of € 190 billion. Some 4,400 of the bank’s employees provide corporate and high net-worth clients around the globe with premium bank products and services. In its core region of Hamburg and Schleswig-Holstein, it is the market leader in the corporate customer segment. HSH Nordbank is an acknowledged partner of the capital markets and international sector specialist. Its main focus is on transportation and real estate. In fact, HSH Nordbank is the world’s largest provider of ship finance and covers the entire value chain in the transportation segment. In the area of real estate, HSH Nordbank is one of the strongest banks in Germany, acting as a provider of services relating to all aspects of real estate. For more information please visit our website at www.hsh-nordbank.com.

The information contained in this press release does not constitute an offer for the sale of any type of Hamburg Commercial Bank AG securities. Securities of Hamburg Commercial Bank AG may not be sold in the United States without registration pursuant to US securities legislation, unless such a sale takes place on the basis of relevant exceptional provisions.

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