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| Key
Characteristics |
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| Result
orientated manager, experienced professional in (international) asset
finance and special credits, creative with strong structuring skills
and excellent relationship network in ship finance. |
| Personal data |
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| Name: |
Bote de
Vries |
| Address: |
West
Vlisterdijk 40
2855 AJ Vlist
the Netherlands |
| Mobile: |
+31 6
50 270 963 |
| E-mail: |
bote.devries@finamar.nl |
| Date of
birth: |
September
13th 1958 |
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| Education |
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| 1976-1980 |
University
Leiden Biology |
| 1980-1983 |
University
Leiden Law (Master) |
| 1980 |
Management
Course IIB Delft |
| 1993 |
Amsterdam
Institute of Finance, advanced financial course (cum laude) |
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| Work
experience |
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| 1983-1988
|
Solicitor
Law Firm in Dordrecht |
| 1988-1990 |
Legal
department ABN Amro N.V. |
| 1990-2001 |
NIB
Capital Bank N.V. |
| 2001-2008 |
DVB Group, |
|
- CEO NFC
Shipping Funds |
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- General
Manager DVB Bank America N.V |
| 2009- |
Independent
adviser Finamar B.V. |
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| Non
executive board positions |
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| 1998-2001 |
American
Marine Advisers New York |
| 1999-2001 |
Tufton
Oceanic Finance London |
| 1999-2001 |
Participatie
Maatschappij PMR, Rotterdam |
| 2003-2008 |
British
Petroleum related Isle of Man holding company and subsidiaries |
| 1998-2007 |
Chairman
of a foundation managing two public swimming pools (non profit) |
| 2006-today |
Dutch
Investment Fund for seagoing vessels |
| 2009-today |
Member of
supervisory
board of building society Trivire, Dordrecht |
| 2009-today |
Participants
member of the Advisory
Committee of Vogelbescherming Nederland |
| 2010-today |
Member of the supervisory board of Rabobank Krimpenerwaard and since November 2012 chairman of this board. |
| 2010-today |
Member of the supervisory board of GGZ Breburg (healthcare institution). |
| 2010-today |
Non executive board member of Vallianz Holdings, Singapore. |
| 2010-today |
Non executive board member of TBS Shipping Services, New York. |
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Frequent
speaker on conferences on asset
finance related issues (Marine Money, Mareforum, Lloyds List, Euro
Money etc.) |
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Legal
experience (period 1983-1993)
I started my career
in a law firm primarily dealing with company law
including bankruptcy law and receiverships. I acted as a receiver in
various bankruptcies in different industry sectors.
After being involved in a bankruptcy with Amro Bank as main lender I
was invited to join the Amro Bank legal department. Within this
department I was assigned to the Special Credits Group of Amro (work
out department BK1 and BK2). I was involved in major bankruptcies like
Leidsche Wol and Daf Trucks, but also in many smaller bankruptcies. One
of my other assignments was the liquidation of the diamond business of
the Amro Bank voor Belgie NV.
Via Daf Trucks and their requests for government support I became
familiar with De Nationale Investeringsbank (NIB) and was invited to
become their deputy head of the Legal Department. Within this
department I was next to my legal role responsible as manager for the
Insurance and Security Department and managed the computerisation of
the bank’s securities and insurance administration.
Legally I was amongst others involved in the work out of Fokker, the
restructuring of Staal Bankiers and the Dutch Antillean Portfolio
involving the Airport on St Maarten, Time Share projects on St Maarten
and real estate (hotels) in Aruba and Curacao. Furthermore I was
responsible for the bank’s leasing portfolio (cars and televisions) and
liquidated the Autopalace Belgium leasing business (expensive cars
Rolls, Porsche, Jaguars etc).
In the last legal year with NIB I worked with the Capital Markets group
on a new kind of equity for stock listed companies called ORANGE
(ORiginating Agreement for New Group Equity). Facilities were concluded
with various stock listed companies (a.o. Nedlloyd, MedicoPharma).
In 1993 after 10 years of legal experienced I approached the Board of
NIB to move to the commercial activities which was implemented in July
1993.
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Asset
Finance and Management experience (period 1993-2008)
I started my
commercial career in 1993 with NIB as senior account
manager for non food retail. I was dealing with clients like
Vroom&Dreesmann, C&A, Macintosh and many smaller retail
companies. The facilities provided covered partly working capital but
mainly real estate financing. Outside the Netherlands I developed the
UK portfolio (a.o. Courts Plc).
After one year I was transferred to the Agribusiness unit dealing with
loan facilities to Avebe, Smilde, meat processing plants etc. I
expanded the portfolio to Denmark and covered also the market in
Indonesia (Chicken processing plants, Kretek Cigarettes, Plantations).
In March 1995 I became manager of the commercial department responsible
for lending to the business area’s, road transport, storage and
transhipment, textiles and plastics. The team consisted of 5
senior people and a lending portfolio of approx. USD 300 million and an
annual turnover of USD 100 million. Within one year the turnover of
this department doubled. Companies involved were Ten Kate,
ECT (Rotterdam Container Terminal), Frans Maas, Ewals and Mammoet.
After slightly more than one year I was invited to become manager of
commercial department responsible for lending to the (international)
shipping industry, offshore and maritime services. Within NIB
this was the largest loan portfolio to a specific industry sector. The
team consisted of 20 senior people of which 13 commercial. The total
lending portfolio was USD 1,5 billion.
The commercial people were located in offices in The Hague, Singapore,
Curacao and Bergen (Norway). In these 2,5 years the annual turnover
increased with a factor three to USD 900 million and the return on
equity with 50% to over 18%.
In this period I initiated the opening of a representative office in
Norway and various strategic alliances with companies in New York,
London and Korea.
Furthermore a substantial cost reduction program was realised by
merging a subsidiary specialised in international ship
finance (with bank status) into the parent company.
The international loan portfolio was asset based and clients involved
all major shipping companies but also project related finance (Korean
LNG business, Transport vessels related to power plants in Indonesia
etc).
Early 1999 I became executive vice-president and member of the
“directieraad” of NIB. My responsibility involved all commercial people
and lending in the transport business including shipping, aviation,
road transport, trains, storage, transhipment and container leasing. My
team consisted of 30 people of which 20 commercial. I was responsible
for an international asset lending portfolio in excess of USD 3
billion. An annual target of USD 1,5 billion of new business was
realised with substantial increase in return on equity. My own credit
authorisation level was USD 2,5 million and I was a member of the
bank’s credit committee.
The period 2000/2001 was a period of change within NIB. The take over
by ABP and PGGM resulted in a full change of focus whereby the
traditional lending business was changed to a model based on the
American Investment Banks. I could not get comfortable with the
required new culture and decided in 2001 to leave NIB Capital Bank.
In October 2001 I joined DVB Bank AG. A Frankfurt stock listed bank
specialised in asset finance (aviation and shipping). My responsibility
was to build the private equity fund business of DVB. The investments
included providing equity, mezzanine loans and high yield
bonds to the shipping sector. I started this investment activity as a
green field operation. I arranged for a joint venture with an American
joint venture partner operating under the name Navigation Finance
Corporation (NFC) and acted as CEO of this joint venture.
Over the years 90 projects have been concluded involving 150+ vessels
with a combined asset value of USD 2,6 billion. The average return
since the start has been 30%/year. I was managing 10 shipping
funds (NFC). The equity invested/available in the shipping funds was
almost USD 500 million.
The funds have attracted investors from various countries in the world
including Germany, USA, Norway, China (Hong Kong), Greece and Kuwait.
The team consisted of 7 senior investment managers, 2 junior
investment managers and a support staff of 6 working from locations in
New York, Curacao, Oslo, London, Rotterdam and Singapore.
The NFC Shipping Funds invested exclusively in asset based projects
mainly vessels. The competitive advantage included amongst others
creative structuring to mitigate the residual value risks of the fund
on the assets obtained. The fourth NFC Fund was structured in such a
way that approval was obtained from Shariah scholars to qualify this
fund as Shariah compliant creating the possibility for Shariah
investors to invest in this fund.
Combined net after tax profit of the joint venture for DVB developed as
follows USD 3 million (2002), USD 6 million (2003), USD 9 million
(2004), USD 15 million (2005), USD 18 million (2006), USD 31
million (2007) and USD 15 million (2008).
In 2007 I moved to Curacao (Netherlands Antilles) and continued to act
as CEO of the NFC Shipping Funds but also as General Manager of DVB
Bank America N.V (DBA). DBA is a fully licensed bank in the Caribbean
active in transport finance, employing 25 people with a balance sheet
total including off balance sheet obligations of around USD 3 billion.
As CEO of NFC Shipping Funds and as General Manager of DBA I had the
ultimate responsibility for the full activity including strategy,
financial performance, reporting, auditing (IFRS), staffing, investment
decisions, offices etc.
After 15 excellent commercial years I resigned from DVB Group per end
2008 to develop different opportunities. |
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Independent
advisor (period 2009 - )
Since January 1st 2009 I use my experience and
skills obtained over the years in a different setting. I have
established my own advisory company and apply my asset finance
knowledge, restructuring capabilities and CEO experience in various
interesting assignments.
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