Casper von Koskull joins Nordea

01-06-10 14:00 | Press release

Casper von Koskull will join Nordea's Group Executive Management 1 September and take responsibility for Corporate Merchant Banking and Capital Markets. 1 July Nordea's Chief Risk Officer Carl-Johan Granvik steps down from the CRO position, and will be replaced by Ari Kaperi, member of Group Executive Management. Carl-Johan Granvik will retire by the end of 2010.

From 1 September, Casper von Koskull will join Nordea. He has a long career of leading positions in banking in UBS and Citibank. For the last 12 years he has been with Goldman Sachs, most recently as Managing Director and Partner of Goldman Sachs International and head of the Nordic Investment Banking.

To further build on Nordea's customer centric relationship banking approach, and to ensure that all service and product competences of Nordea reach the large corporate customers, a new area called Corporate Merchant Banking and Capital Markets will be established and headed by Casper von Koskull. This area will include the present Corporate Merchant Banking, Financial Institutions and Capital Markets Products divisions. These divisions will have unchanged roles in the operating model with Corporate Merchant Banking continuing to cooperate closely with Nordic Banking and Capital Markets Products continuing to serve all customer segments.

- The appointment of Casper von Koskull is an important step on our journey towards Great Nordea. The personal skills, insights and experiences he brings will be instrumental in Nordea's strategy to be the leading bank among the largest corporate customers in all Nordic markets. I look forward to having Casper von Koskull in Nordea's Group Executive Management, says Christian Clausen, President and Group CEO.

Carl-Johan Granvik will leave Nordea's Group Executive Management 1 September. He has been with Nordea for more than 35 years, and has been CRO since the Nordea merger in 2000. Granvik has now decided to step down from the CRO position and plans to retire by the end of this year.

- Carl-Johan Granvik - who postponed his retirement until after the acute financial crisis - has now decided that this is the time to leave in a responsible manner. Carl-Johan's personality and experiences have been instrumental in both forming and developing Nordea and ensuring our stability through the financial crisis, says Christian Clausen.

The position as CRO will be taken over by Ari Kaperi, who has been a member of Nordea's Group Executive Management for two years as Head of Institutional & International Banking and before that held a number of management positions in Nordea.

- I am very happy that Ari Kaperi has accepted this new position. He will combine continuity with the constant development that is required to maintain the prudency in our risk management that has been so important for Nordea, says Christian Clausen.

As a consequence of the changes of the Group Executive Management, adjustments will be made in the Group's organisation. The integrated Group operating model, however, is maintained, and the focus on creating a strong universal relationship bank unchanged.

Composition of Nordea's Group Executive Management as of 1 September 2010:

Christian Clausen : President and Chief Executive Officer.

Peter Schütze : Head of Nordic Banking and Country Senior Executive of Denmark.

Caspervon Koskull : Head of Corporate Merchant Banking & Capital Markets.

Gunn Wærsted : Head of Shipping, Private Banking & Savings Products and Country Senior Executive of Norway.

Michael Rasmussen : Head of New European Markets and Head of Banking Products & Group Operations.

Fredrik Rystedt : Head of Group Corporate Centre, Chief Financial Officer and Country Senior Executive of Sweden.

Ari Kaperi : Head of Group Risk Management, Head of Group Human Resources, Chief Risk Officer and Country Senior Executive of Finland. Ari Kaperi will take on his new responsibility from 1 July, in addition to his present position as Head of Institutional & International Banking which he leaves 1 September 2010. Ari Kaperi will as of 1 July 2010 also be the CEO of Nordea Bank Finland.

For further information:

Christian Clausen, President and Group CEO, +46 8 614 7804

Jan Larsson, Head of Group Identity and Communications, +46 705 93 34 12