New Head of Retail Banking in Nordea

Lennart Jacobsen has been appointed new Head of Retail Banking in Nordea, member
of Nordea’s Group Executive Management and Country Senior Executive for Sweden.
Former Head of Retail Banking Michael Rasmussen leaves Nordea to take up the
position as CEO in a Danish company.
Lennart Jacobsen is Head of Implementation & Execution in Retail Banking, and
prior to that he held various positions at GE Capital, including Country Manager
for GE Money Bank in Sweden 2003-2008 and CEO for the Nordic bank 2009-2012.

- I am pleased that Lennart has accepted this position. He will contribute with
his experience and leadership skills both in further refining our relationship
strategy and in leading the development of the customer offerings within Retail
Banking. In addition, his understanding of the regulatory changes in banking and
his experience from the Swedish banking industry will contribute in his role as
Country Senior Executive, says Christian Clausen, Group CEO of Nordea.

Lennart Jacobsen (46) grew up and lives outside Stockholm, Sweden. He has a
Master of Science from the Royal Institute of Technology, KTH.

- I am impressed by the way Nordea has managed to grow its customer base and
results throughout the financial crisis. I look forward to getting to work
closely together with the experienced manager team and the skilled and dedicated
staff. Together, we will continue to develop the relationship strategy, says
Lennart Jacobsen.

Former Head of Retail Banking Michael Rasmussen has accepted an offer to become
the CEO in a Danish company.

- I would like to thank Michael for his significant contribution to Nordea over
the past 25 years. He has been a highly appreciated member of Group Executive
Management and has successfully led many large and important units during the
years. But I naturally accept his decision to take a new step in his career and
personal development, says Christian Clausen.

All changes are effective as of today.


For further information:
Jan Larsson, Head of Group Identity and Communications, +46 8 614 79 16