Dubai Aerospace Enterprise (DAE) has appointed Bertrand Grabowski, an aviation finance professional, as the new senior strategic advisor for the UAE-based organisation.

Grabowski was most recently member of the board of directors of Germany-based DVB Bank in charge of Aviation and Rail.

Under his leadership, DVB solidified its pre-eminence as a leading aviation asset-based lending platform and expanded its franchise to include aviation asset management, investment management and advisory businesses, said a statement from the Dubai group.

Prior to joining DVB, Grabowski had a well-known career in transportation finance in London, New York and Tokyo. He worked at Citibank and Bank Indosuez providing highly structured asset financing solutions to clients in the transportation sector.

Welcoming the appointment, CEO Firoz Tarapore said: "Grabowski is a world-class aviation finance professional and is extremely well-respected in the aviation industry. We are proud to add him to our management team as we make steady progress to double the size of our aircraft leasing portfolio."

"We grew our portfolio by 25 per cent last year and are on track to record similar growth in 2017," stated Tarapore.

"While retaining some other responsibilities in the industry, Grabowski will play an instrumental role in shaping the development of our franchise, and our entire team is excited by this stellar addition," he added.-TradeArabia News Service