Changes have been made in the Glitnir Banki hf. Executive Management, with Birna Einarsdóttir, Executive Vice President of Corporate Development, taking over as Executive Vice President of Glitnir Commercial Banking in Iceland. Jón Diðrik Jónsson, who has served as the Bank's CEO in Iceland, will step down at his own request. Following the changes, all the Bank's services to private and corporate customers of Glitnir's branch network throughout Iceland, will fall within the scope of the Bank's Iceland Retail Banking Division. Einarsdóttir will continue to be responsible for Glitnir branding. Corporate Banking Iceland, which has been a part of the Retail Banking Iceland, will be transferred to Corporate Banking, headed by Executive Vice President Guðmundur Hjaltason. Lárus Welding, Glitnir CEO, says that the changes are a part of the ongoing transformation process of recent months: "In recent years, the Bank has changed from being an Icelandic bank into an international financial enterprise. Jón Diðrik Jónsson has been a key player in developing the strategy adopted by the Bank. He has done an outstanding job for Glitnir. It is a matter of great satisfaction that Birna Einarsdóttir is taking over as Executive Vice President of Commercial Banking in Iceland. Birna commands extensive knowledge of these operations and we are extremely optimistic about the outcome of her work." Birna Einarsdóttir has worked in the financial sector for a number of years. For the past months she has been responsible for the Bank´s Corporate development unit. From 2004-2006 she was in charge of Glitnir's marketing and sales operations and in 2006 she directed the Bank's successful re-branding. Einarsdóttir formerly worked for 6 years with Royal Bank of Scotland in Edinburgh and, prior to that, was director of marketing and sales at Íslandsbanki. Einarsdóttir has a B.Sc. in Business Administration and an MBA degree from The University of Edinburgh. The changes will be effective as of August 1. For further information, please contact: Lárus Welding, CEO, tel.+354-440-4005 Pétur Þ. Óskarsson, Managing Director for Corporate Communications, tel. +354-844-4990
- Birna Einarsdóttir takes over as Executive Vice President of Glitnir Retail Banking in Iceland
| Source: Glitnir banki hf.