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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Nordea Bank Abp.    NDA SE   FI4000297767

NORDEA BANK ABP.

(NDA SE)
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Nordea Bank : appoints Ian Smith as Group CFO

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01/30/2020 | 06:51am EDT

Nordea Bank Abp - Stock exchange release - Changes board/management/auditors

Ian Smith, Group Chief Financial Officer (CFO) of Virgin Money UK PLC, will join Nordea as Group CFO and Head of Group Finance. He will also become a member of the Group Leadership Team.

Ian Smith, 53, currently serves as Group CFO of Virgin Money UK PLC. He has an extensive background in the financial services sector in the UK and has held senior positions as Banking audit partner and later as Financial Services M&A leader at Deloitte. Ian has also served as Director of Group Finance at Lloyds Banking Group plc and at Halifax Bank of Scotland plc. He has a degree in Economics from the University of Aberdeen.

- I am pleased to welcome Ian to Nordea. He brings leadership, expertise and a strong track record. With his background and experience in the financial services sector focused on finance, treasury, business planning, cost management and M&A he is the ideal CFO for Nordea. The appointment supports Nordea's new phase and our key priorities - optimise operational efficiency, drive income growth initiatives and create great customer experiences - and I look forward to working with him across the business and in the Group Leadership Team, says President and Group CEO Frank Vang-Jensen.

- Nordea is the leading bank in the Nordic region. I am excited to join Nordea's new phase and look forward to working with the Group Leadership Team to drive financial performance and help unlock the potential of the bank, says Ian Smith.

The appointment is subject to regulatory approval.

Ian will remain in his role at Virgin Money UK PLC to support an orderly transition until a date after Virgin Money's interim results announcement (due to be on 6 May 2020) to be agreed.

As announced earlier, the current CFO Christopher Rees has decided to relocate to the UK and will leave Nordea and step down from the Group Leadership Team at the latest when Ian joins. The exact transition date will be announced later.

For further information:
Sara Helweg-Larsen, Head of Group Communication and Branding, +45 22 14 00 00
sara.helweg-larsen@nordea.com

The information provided in this stock exchange release was submitted for publication, through the agency of the contact person set out above, at 13.50 EET on 30 January 2020.
 
We build strong and close relationships through our engagement with customers and society. Whenever people strive to reach their goals and realise their dreams, we are there to provide relevant financial solutions. We are the leading bank in the Nordic region. The Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges. Read more about us on nordea.com.

https://news.cision.com/nordea/r/nordea-appoints-ian-smith-as-group-cfo,c3023629

https://mb.cision.com/Main/434/3023629/1185284.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
NORDEA BANK ABP. -2.41% 55.37 Delayed Quote.-24.99%
VIRGIN MONEY UK PLC -10.21% 61 Delayed Quote.-67.65%
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Financials (EUR)
Sales 2019 8 551 M
EBIT 2019 2 493 M
Net income 2019 1 544 M
Debt 2019 -
Yield 2019 7,88%
P/E ratio 2019 13,6x
P/E ratio 2020 8,67x
Capi. / Sales2019 2,38x
Capi. / Sales2020 2,45x
Capitalization 20 348 M
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 15
Average target price 6,70  €
Last Close Price 5,04  €
Spread / Highest target 69,7%
Spread / Average Target 33,0%
Spread / Lowest Target -44,4%
EPS Revisions
Managers
NameTitle
Frank Vang-Jensen President & Group Chief Executive Officer
Torbjörn Magnusson Chairman
Christopher Rees Group CFO, Head-Group Finance & Treasury
Pernille Lyngvold Erenbjerg Independent Director
Nigel Grant Hinshelwood Independent Director
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