#Finland #Helsinki #Leadership Team #personal banking #Nordea Bank

Strategic Restructuring at Nordea

Nordea, a prominent player in the Nordic financial services sector, has recently announced significant changes within its Group Leadership Team. These adjustments reflect the bank's ongoing commitment to improving customer service and advancing its operational strategies. The announcements include key appointments in Personal Banking and Business Banking, as well as the merger of the Group Risk and Group Compliance functions aimed at enhancing efficiency and risk management.

New Appointments in Leadership

Per Långsved has been appointed as the Head of Personal Banking, effective November 1, 2026. Previously serving as the Head of Nordea Life Pension, Per is set to bring his extensive experience from his time at Nordea, where he has excelled in various roles since joining in 2019. His appointment comes as former Head of Personal Banking, Sara Mella, steps down from her operational role to pursue opportunities as a non-executive director. Frank Vang-Jensen, President and CEO, emphasizes the importance of deepening customer relationships and enhancing digital experiences, stating that Per's approach aligns with Nordea's goals for the 2030 strategy.

In another noteworthy appointment, Randi Marjamaa is set to become the Deputy Head of Business Banking, effective by January 1, 2027. Having been with Nordea since 2006 and currently overseeing Personal Banking in Norway, Randi's strong business acumen and dedication to customer service make her an ideal fit for this pivotal role. Vang-Jensen highlights her deep understanding of the Norwegian market and confidence in leveraging Nordea's Nordic footprint to support customers' growth ambitions.

Merging of Key Functions

In addition to the leadership appointments, the bank will merge its Group Risk and Group Compliance functions as of January 1, 2027. This strategic move is designed to bolster coordination between the two units, minimize redundancies, and create a cohesive approach to risk oversight by utilizing integrated technology and data capabilities. Mark Kandborg, currently the Chief Risk Officer (CRO), will take on the role of CRO and Head of the new merged unit, while Nahale Ståhl Hallengren, who leads Group Financial Crime Compliance, will transition into the role of Chief Compliance Officer.

Frank Vang-Jensen expressed gratitude to Jamie Graham, who will step down as Chief Compliance Officer at the end of December 2026 for personal reasons. Jamie's leadership has been crucial in establishing strong compliance measures that have significantly mitigated risks within the organization. Even after his departure, Jamie will continue to offer his expertise as a senior advisor through March 2027, ensuring a smooth transition during this period of change.

Looking Forward

The leadership changes at Nordea are paving the way for a more integrated and customer-focused approach as the bank aims to streamline services and enhance product offerings across its divisions. These strategic shifts not only reflect a dedication to operational excellence but also represent Nordea's ongoing commitment to being a leader in the financial services industry across the Nordic region.

Pending regulatory approval, these appointments and structural changes will enable Nordea to implement its 2030 strategy effectively, positioning the bank to better meet the evolving needs of its diverse customer base. As highlighted by CEO Vang-Jensen, the focus on employee development and customer satisfaction will remain at the forefront of Nordea's mission.

In summary, with these leadership changes and the merger of significant risk management functions, Nordea is set to strengthen its market position while continuing to serve millions of customers as a trusted financial partner in the Nordics.