The cull of staff in the German ship-finance sector is continuing with another senior banker being forced out.
HSH Nordbank is parting ways with head of shipping Christian Nieswandt as the previously state-owned bank continues to downsize after privatisation.
Nieswandt, 59, is leaving what was once the world’s largest shipping financier. The bank is being scaled down by its new owners who plan to trim the ship-finance division and merge it with its real-estate interests.
