DVB strengthens Singapore floating production group

Singapore: Frankfurt-headquartered DVB Bank has announced that Hugh Parry has joined its Singapore branch as part of its floating production group. Sven Dybdahl, md and global head of DVB's floating production group said: "I am delighted that a renowned industry figure like Hugh has decided to join DVB as part of our ongoing efforts to further broaden the level of industry experience and knowledge already found within our team."

Parry joins DVB from Prosafe Production Services, where he held the position of finance director from 2001 to 2005 and managing director from 2005 to 2007. Under Parry's leadership as md, the company secured five new international FPSO projects. Prior to Prosafe, he was CFO and main board director for Nortrans Offshore, which was acquired by Prosafe ASA in 2001.  [28/11/07]