Deutsche Bank announced that it has appointed Klaus Stoltenberg as global head of shipping, effective from April 15, 2014. In his new position Stoltenberg will have the responsibility for coordinating all Deutsche Bank activities with shipping industry clients as well as managing the coverage team to leverage the product expertise in the best interest of clients. Stoltenberg will be based in Hamburg and will report to Raj Bhattacharyya, head of Capital Markets and Treasury Solutions for Western Europe and Armin von Falkenhayn, co-head of Corporate Banking & Securities for Germany.

Prior to his appointment with Deutsche Bank Stoltenberg most recently served as the global head of Ship and Aircraft Finance at NORD/LB.