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Frank Vang-Jensen takes over as Nordea CEO

05 Sep 2019, 14:59 ( 18 days ago)

DF Report
Frank Vang-Jensen. Photo Nordea.

Frank Vang-Jensen, Head of Personal Banking for the Nordea Bank Abp and a member of Group Executive Management (GEM) has been appointed as the President and Chief Executive Officer of the Bank effecting from Thursday, said a Nordea press release.

“We are very happy to have concluded the internal and external search process with an optimal outcome – Frank Vang-Jensen is an experienced professional capable of leading Nordea with immediate effect. We look forward to starting working with Frank Vang-Jensen to continue our journey towards growth and an improved customer experience,” said Chairman of the Board Torbjörn Magnusson.

Vang-Jensen (51) joined Nordea in 2017 as Head of Personal Banking and Country Senior Executive for Nordea in Denmark.

In 2018 he was promoted to Head of Personal Banking and member of Group Executive Management. Vang-Jensen will continue to head Personal Banking until a replacement is announced.

Prior to Nordea, Vang-Jensen worked at Handelsbanken for many years, most recently as President and CEO. He holds a degree from Copenhagen Business School. The appointment is subject to authority approval.

“Nordea has potential that is not fully utilised today. We need to quickly and continuously create new revenues and increase cost efficiency. And we need to continue to develop the customer experience,” said Frank Vang-Jensen.

Casper von Koskull will stay with the bank until 2020 to secure an orderly transition. 

“Knowing Frank Vang-Jensen personally since 2017 and having worked closely with him, I am convinced that the Board has made the right selection and that Frank Vang-Jensen will have the professional and personal skills to lead Nordea to the next level,” said Casper von Koskull.

“Casper von Koskull has made great contributions to Nordea during challenging times. With his leadership, Nordea has made critical investments into risk and compliance as well as into the bank’s digital platforms and technology capabilities. The entire Board would like to thank Casper von Koskull for his years of service and dedication,” Magnusson added.