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Nieswandt out as HSH combines operations

HSH was the world’s largest lender to the industry until 2014, building a book that peaked at nearly $40bn before the global financial crisis brought it to the brink of collapse. Following a taxpayer bailout and subsequent privatisation, lending on vessels is now set to be downgraded

Christian Nieswandt is credited with playing a poor hand well during his stint as shipping chief at the bank

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