New head of DnB NOR New York

Kristin H. Holth (51) has been appointed new head of DnB NOR's New York branch.
She is currently section head in the bank's Shipping Division, where she is in
charge of Offshore Oslo and Advisory, and will assume her new position in
August 2007. 
 
Kristin Holth is a graduate of BI Norwegian School of Management, and has
worked in the DnB NOR Group throughout her professional career, including at
the bank's London branch and as head of the Shipping Division's Oslo office.
She is also head of the government-appointed committee MARUT, which provides
advice to the minister of Trade and Industry in formulating a national maritime
strategy. 
 
"DnB NOR's branch in New York has a central position in the Group's
international strategy, and I look forward to meeting the challenge of heading
our activities on the American continent," says Kristin Holth. 
 
The branch in New York was established in 1980, and the majority of its clients
are companies within shipping, offshore, logistics and energy, in addition to
Scandinavian companies with operations in the US. DnB NOR also opened a
representative office in Houston in 2006 and has a total of just over 70
employees in the US. 
 
Truls Nergaard, the current head of DnB NOR New York, has completed his period
in the US and is returning to DnB NOR in Norway. 
 
 
Contact person
Morten Skauge, communications officer, 
tel.: + 47 959 79 297