Nykredit Bank A/S
Jeannette Kiirdal Madsen appointed new head of Nykredit Markets
DGAP-News: Nykredit Bank A/S 2015-03-23 / 10:04 --------------------------------------------------------------------- Nykredit Markets faces a renewal process. This calls for a change in management and as from today Jeannette Kiirdal Madsen has therefore been appointed new Managing Director of Nykredit Markets. Up to now Jeannette Kiirdal Madsen has been responsible for the development of financial and investment products in Nykredit. - The demand for adaptation to new and changed market conditions calls for a change in management, and Jeannette has the ideal profile to take up this challenge. Over the years she has demonstrated great leadership and profound professional skills. She has a thorough knowledge of Markets and the entire Nykredit organisation and I am confident that she is the right person to take us through a successful change of Nykredit Markets, says Group Managing Director Kim Duus, responsible for the Nykredit Wholesale Division. The appointment of Jeannette Kiirdal Madsen means that Nykredit Markets' Managing Director up to now, Georg Andersen, resigns. - I have appreciated our cooperation with Georg, his professional skills and great commitment as head of Nykredit Markets. However, times have changed and the turn-around we face requires a change of management profile, says Kim Duus. Like other banks and financial institutions Nykredit Markets has experienced that the substantially increased regulation puts pressure on profitability - reason why Nykredit Markets had to reduce staff numbers at the beginning of the year. From now on Markets will adjust to the new market conditions, cooperate closer within the entire Wholesale Division and to a greater extent focus on meeting demands of wholesale clients and retail customers as a supplement to the existing institutional client base. - I am happy and proud and look forward to bringing Markets through the renewal process ahead of us. We must adjust to reality and changed market conditions. Most importantly, we have to improve profitability. My first task will be to get to know and understand all aspects of the business so that I get a full overview of where we create most value for our customers and the Nykredit Group, says Jeannette Kiirdal Madsen. After Georg Andersen's resignation Nykredit Bank's management consists of Managing Director Bjørn Mortensen and Managing Director Jesper Berg. Contacts Enquiries may be addressed to Jeannette Kiirdal Madsen or Kim Duus, through head of press relations Jens Theil, tel +45 44 55 14 50. News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-03-23 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Nykredit Bank A/S Denmark ISIN: DK0003448181 End of News DGAP News-Service --------------------------------------------------------------------- 335955 2015-03-23
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