BankNordik to Wind-Up Corporate Banking Activities in Denmark; Announces Execute Changes
In connection with adaptation of the terms of employment of the group management team a disagreement between the board of directors and the deputy CEO, John Rajani has caused that the board of directors has decided to terminate the cooperation. A new deputy CEO will not be appointed. CEO, Árni Ellefsen, to take over the deputy CEO's responsibilities in respect of the Faroese and Greenlandic corporate banking activities, while Chief Credit Officer, Rune Nørregaard will take over the responsibilities in respect of the group's life and non-life insurance activities.