2015-10-01 09:00:01 CEST

2015-10-01 09:00:04 CEST


REGLERAD INFORMATION

BankNordik P/F - Company Announcement

BankNordik presents new management team


After a brief period as interim CEO, Árni Ellefsen has now been appointed
permanent CEO of BankNordik. 

Mr Ellefsen, who is a state-authorised public accountant, began his career with
BankNordik in 2011 when he was appointed CFO and member of the group
management. Among his former positions, he has served with KPMG in Copenhagen
and as a partner of the Faroese accounting firm Spekt. 



“Árni is a team player who gets the best out of his colleagues. With him at the
helm, BankNordik will have a modern management capable of executing the
strategy defined by the Board. Over the next few years, our management will be
tasked with positioning BankNordik in the personal banking market in Denmark,
Greenland and the Faroe Islands, and with developing our position as the
preferred financial partner to Faroese businesses with an ambition to expand
and at the same time increase our focus on Greenlandic businesses,” said
BankNordik Chair Stine Bosse. 


Reorganising business areas and expanding the group management

Consistent with its recent strategy in which BankNordik announced its intention
to refocus on the personal banking market in Denmark, Greenland and the Faroe
Islands and the corporate banking markets in the North Atlantic region,
BankNordik will also be reorganising its business areas. As part of this move,
the Bank has appointed its head of personal banking to its group management. 



The new appointment will support the implementation of the announced strategy
and strengthen the ties across the respective business areas. By establishing a
single personal banking area across national borders and having the head of
personal banking serve on the group management, BankNordik will have the
necessary focus to continue developing the personal banking segments in all
three countries. It will also have a platform for capitalising on potential
synergies, including by way of standardising processes and systems. 



The new organisation will consist of the following business and staff areas:

  -- Finance, Risk Management and other staff functions headed up by Árni
     Ellefsen, CEO
  -- Corporate Banking, pension and insurance headed up by John Rajani, Deputy
     CEO
  -- Personal Banking, Sales and Marketing headed up by Turið F. Arge, Head of
     Personal Banking
  -- Markets and Private Banking headed up by Henrik Jensen, Chief Investment
     Officer
  -- Credit Services and Branch Support headed up by Rune Nørregaard, Chief
     Credit Officer

The three senior vice presidents will join the executive board to make up the
new group management. The Executive Board now consists of Árni Ellefsen, CEO,
and John Rajani, Deputy CEO. 



“The changes we've announced today will strengthen BankNordik's organisation
and management, and we now have everything in place to enable us to implement
our new strategy, for the benefit of our customers and our shareholders,” said
Ms Bosse. 



New head of personal banking appointed to group management

Turið F. Arge is new to BankNordik's group management. Since the summer of
2014, she has served as head of corporate banking in the Faroe Islands. Ms Arge
holds an MSc in Business Economics and Auditing and her past positions with
BankNordik include as head of the sales and marketing, customer service and
branch support departments. 



“We are very pleased to welcome Turið as a member of our group management. She
played a key role in reorganising the Bank's personal banking business a few
years ago, being in charge of centralising Customer Service and Branch Support
in Denmark and in the Faroes. Combining that with her experience as a former
head of our sales and marketing activities, means she has extensive knowledge
of BankNordik's personal banking area and of the various geographical markets
we operate in. Her extensive experience will be a valuable asset, not least in
our added focus on personal banking in Denmark”, said CEO Árni Ellefsen. 



Additional information

Stine Bosse, Chair, tel. +45 21 23 24 25

Árni Ellefsen, CEO, tel. (+298) 230 348