DnB NOR is reorganising and changing the composition of its group management
team in order to meet new challenges in the financial industry.
The most important changes are:
the establishment of an operations unit to merge production and
operations expertise in Corporate Banking and Payment Services, Retail Banking
and Group Services.
the amalgamation of operations in DnB NOR Asset Management and Vital
into one business area.
the streamlining of the IT and HR organisations.
the establishment of a corporate centre for group strategy, growth
and lean banking across business units.
The establishment of a separate production and operations unit will ensure an
optimal service level and clearer responsibilities within this link in the
value chain. Combining operations that are currently spread among several
business areas should yield economies of scale during a time of rising growth
in all parts of the Group. Gathering these units under one management will
improve efficiency and streamline operations.
Liv Fiksdahl, who has led Bank Production in Corporate Banking and
Payment Services, will be head of this area.
Making IT a separate business area will promote customer-oriented solutions and
strengthen overall priorities and management of the IT unit at group level. DnB
NOR wishes to improve operational stability and ensure value creation by
developing effective and user-friendly solutions for customers and employees.
Cathrine Klouman, who has headed the business development unit in
Retail Banking, will be the new head of IT.
Asset Management and Vital will be coordinated to strengthen the emphasis on
long-term savings across the Group. Though DnB NOR plans to improve cooperation
and resource management within the new business area, the current company
structure will be maintained.
Tom Rathke, managing director of Vital and group executive vice
president, will head the new business area.
"Challenges related to IT and human resources are so important to the future
development of DnB NOR that I wish to include the heads of these operations in
group management," says Rune Bjerke, group chief executive of DnB NOR. "We have
considerably expanded our international operations over the last few years.
This will continue, and it is important to establish systems, an organisation
and HR policies enabling us to handle the international growth we anticipate.
DnB NOR will continue to be a preferred employer; one that can attract and
retain talent. This means we must be able to meet the challenges posed by
internationalisation, mobility and other changes.
Anne-Brit Folkvord, who has headed Group Services within Human
Resources and Group Services, will be the new head of HR.
Kari Olrud Moen will head the new "Corporate Centre", which will
support growth, development and improvements across the Group. The entity will
thus be responsible for strategy, group development and support for corporate
finance.
DnB NOR's group management team will thus have the following members:
Rune Bjerke - Group chief executive
Tom Grøndahl - Deputy CEO and CFO
Ottar Ertzeid - DnB NOR Markets
Liv Fiksdahl - Operations
Anne-Brit Folkvord - HR
Cathrine Klouman - IT
Tom Rathke - Asset Management and Vital
Åsmund Skår - Retail Banking
Leif Teksum - Corporate Banking and Payment Services
The Corporate Centre and the Corporate Communications unit will report directly
to the group chief executive.
---------------------
Cathrine Klouman (44) former head of Business Development in Retail Banking in
DnB NOR. She has an Msc from BI Norwegian School of Management and has worked
in the DnB NOR Group since 2002. In DnB NOR, she has also been head of the
Telephone and Internet banking division in Retail Banking. She has previous
management experience from Gjensidige NOR Sparebank and ICA Bank, and has
worked for BankAxept and IBM.
Anne-Brit Folkvord (51) former head of Group Services in Human Resources and
Group Services in DnB NOR. She is a bank economist from Bankakademiet, and
holds a diploma in market communication from IFM. Folkvord has worked in the
Group since 1986 and has previously been head of the Payment Services division
in Corporate Banking in DnB NOR. She has solid experience from establishing new
entities in connection with the mergers involving Postbanken, Nordlandsbanken
and the establishment of DnB NOR.
Liv Fiksdahl (42) former head of Bank Production in Corporate Banking and
Payment Services in DnB NOR. She was educated at Trondheim Business School and
has worked in DnB NOR since 1998. She has had important tasks related to
integration within DNB NOR and has had customer-oriented positions in
Gjensidige NOR Sparebank, Handelsbanken and Fokus Bank.
Tom Rathke (50) is currently managing director of Vital and group executive
vice president in DnB NOR. Rathke was previously managing director of
Gjensidige NOR's investment fund company Avanse, prior to which he held
managerial positions in If Skadeforsikring, Vesta, SAS and Dyno. His latest
position was that of financial director in Vital Forsikring. Rathke is a
graduate of BI Norwegian School of Management and has a Master's Degree in
Business Administration from the University of Wisconsin. He has also completed
the Advanced Management Programme at Harvard University.
Kari Olrud Moen (37) has been project manager in Finance/Group Staff. She is a
graduate of the Norwegian School of Economics and Business Administration and
has an MBA from Berkeley. She has previously been state secretary in the
Ministry of Finance and worked as a consultant at McKinsey.
New group management in DnB NOR
| Source: DnB NOR Bank ASA