Hugh Parry to Strengthen DVB's Floating Production Group

DVB Bank announces that Mr. Hugh Parry will be supporting DVB in Singapore as part of the bank’s Floating Production Group.

Sven Dybdahl, Managing Director 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. Our clients increasingly appreciate DVB’s Floating Production Group as not only a provider of finance but as a partner that can create added value through strategic, commercial and financial advisory services.

Hugh´s extensive managerial, industrial and financial experience within the floating production sector will prove invaluable to our service proposition and should further enhance DVB’s position as the leading financial services provider to this industry.”

Hugh Parry joins DVB from Prosafe Production Services Pte Ltd where he held the position of Finance Director from 2001 to 2005 and Managing Director from 2005 to 2007. During his period as MD, Hugh led the company through a period of rapid growth during which it secured five new international FPSO projects. Prior to Prosafe, Hugh was CFO and main board director for Nortrans Offshore Limited, which was acquired by Prosafe ASA in 2001. Prior to his career in floating production, Hugh was Finance Director and main board director for Grindrod Limited, South Africa.