BankNordik presents new management team

After a brief period as interim CEO, Árni Ellefsen has now been appointed permanent CEO of BankNordik.


Mr Ellefsen, who is a state-authorised public accountant, began his career with BankNordik in 2011 when he was appointed CFO and member of the group management. Among his former positions, he has served with KPMG in Copenhagen and as a partner of the Faroese accounting firm Spekt.

 

Árni is a team player who gets the best out of his colleagues. With him at the helm, BankNordik will have a modern management capable of executing the strategy defined by the Board. Over the next few years, our management will be tasked with positioning BankNordik in the personal banking market in Denmark, Greenland and the Faroe Islands, and with developing our position as the preferred financial partner to Faroese businesses with an ambition to expand and at the same time increase our focus on Greenlandic businesses,said BankNordik Chair Stine Bosse.

 

Reorganising business areas and expanding the group management

Consistent with its recent strategy in which BankNordik announced its intention to refocus on the personal banking market in Denmark, Greenland and the Faroe Islands and the corporate banking markets in the North Atlantic region, BankNordik will also be reorganising its business areas. As part of this move, the Bank has appointed its head of personal banking to its group management.

 

The new appointment will support the implementation of the announced strategy and strengthen the ties across the respective business areas. By establishing a single personal banking area across national borders and having the head of personal banking serve on the group management, BankNordik will have the necessary focus to continue developing the personal banking segments in all three countries. It will also have a platform for capitalising on potential synergies, including by way of standardising processes and systems.

 

The new organisation will consist of the following business and staff areas:

  • Finance, Risk Management and other staff functions headed up by Árni Ellefsen, CEO
  • Corporate Banking, pension and insurance headed up by John Rajani, Deputy CEO
  • Personal Banking, Sales and Marketing headed up by Turið F. Arge, Head of Personal Banking
  • Markets and Private Banking headed up by Henrik Jensen, Chief Investment Officer
  • Credit Services and Branch Support headed up by Rune Nørregaard, Chief Credit Officer

The three senior vice presidents will join the executive board to make up the new group management. The Executive Board now consists of Árni Ellefsen, CEO, and John Rajani, Deputy CEO.

 

The changes we've announced today will strengthen BankNordik's organisation and management, and we now have everything in place to enable us to implement our new strategy, for the benefit of our customers and our shareholders,said Ms Bosse.

 

New head of personal banking appointed to group management

Turið F. Arge is new to BankNordik's group management. Since the summer of 2014, she has served as head of corporate banking in the Faroe Islands. Ms Arge holds an MSc in Business Economics and Auditing and her past positions with BankNordik include as head of the sales and marketing, customer service and branch support departments.   

 

We are very pleased to welcome Turið as a member of our group management. She played a key role in reorganising the Bank's personal banking business a few years ago, being in charge of centralising Customer Service and Branch Support in Denmark and in the Faroes. Combining that with her experience as a former head of our sales and marketing activities, means she has extensive knowledge of BankNordik's personal banking area and of the various geographical markets we operate in. Her extensive experience will be a valuable asset, not least in our added focus on personal banking in Denmark, said CEO Árni Ellefsen.

 

Additional information

Stine Bosse, Chair, tel. +45 21 23 24 25

Árni Ellefsen, CEO, tel. (+298) 230 348