Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

13307

DNB Bank makes senior Asia appointments

RELATED TOPICS​

International shipping and energy bank DNB Bank has appointed Vidar Andersen its new head of Asia, based in Singapore, effective from today.

 
In a related move, Mats Wermelin has been appointed the bank’s new head of China based in Shanghai, a post which was previously held by Andersen.
 
Harald Serck-Hanssen, group executive vice president (large corporations and international), says: “Vidar’s understanding of the needs of Asia’s markets and its business sensibilities is without peer. He is the right person to take command and spearhead our next phase of development in the region."
 
Andersen (pictured) assumes control of the bank’s operations across Asia after eight years in Shanghai. He was first vice president of energy, trade & industry then, since 2011, senior vice president and head of China. During his time in China, he achieved a fourfold increase in national profitability for the bank.
 
Andersen joined DNB in 2001. He worked in both Oslo and New York prior to Shanghai.
 
Erik Borgen, the outgoing regional head of DNB Bank, who has held the position since 2004, is stepping down to pursue other interests.
 
"Erik has been the master key to our growth and achievements in the Asia region in recent years," says Serck-Hanssen. “He leaves DNB in excellent shape in Asia and well prepared for our next phase of engagement with this region and our next phase of growth. Everyone at the bank wishes him the very greatest success in his next endeavour.”

Latest News

MSCI has announced the launch of MSCI Private Capital Indexes, writing that with growing investor..
GAM Investments and Sun Hung Kai & Co, a Hong Kong-based alternative investment firm, are..
PwC’s Global Entertainment & Media Outlook 2024-28, covering 13 sectors across 53 countries and territories,..

Related Articles

Rod Ringrow, Invesco
Geopolitical tension has surpassed inflation as the primary concern of sovereign investors and is prompting greater interest in allocating to emerging markets, according to the twelfth annual Invesco Global Sovereign Asset Management Study...
Geopolitical tension has surpassed inflation as the primary concern of sovereign investors and is prompting greater interest in allocating to..
Green energy
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six months, according to research from Bloomberg...
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six..
infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by