Singapore-based First Ship Lease Trust (FSL Trust) has appointed Markus Wenker as chief financial officer, to replace Alan Mitchell, who is retiring.
Wenker will take over the role and responsibilities May 4, following a handover process.
Wenker was most recently head of ship finance at Hellenic Bank from 2016. Previously, he held a number of roles at HSH Nordbank from 2002 to 2016.
FSL Trust's current fleet of 16 vessels comprises containerships and a variety of tankers. Of these, 10 vessels are leased to international shipping companies on long-term bareboat charters. Six vessels are employed on short-term time charters or in pools. As at February 24, one vessel was held for sale, and disposal is scheduled to take place before the end of March 2020.