DNB Bank Appoints Senior Asia Region Execs

MarineLink.com
Monday, September 02, 2013
Vidar Andersen: Photo credit DNB Bank

DNB Bank, the leading international shipping and energy bank, has appointed Vidar Andersen its new Head of Asia, based in Singapore with immediate effect.

In a related move, Mats Wermelin has been appointed the bank’s new Head of China based in Shanghai, a post which was previously held by Mr Andersen.

Group Executive Vice President (Large Corporations and International), Harald Serck-Hanssen, welcomed Mr Andersen and Mr Wermelin into their new positions. He said:"Vidar's understanding of the needs of Asia's markets and its business sensibilities is without peer. He is the right person to take command and spearhead our next phase of development in the region." Mr Serck-Hanssen also thanked the outgoing regional head of DNB Bank, Erik Borgen, who has held the position since 2004 and is stepping down to pursue other interests.

Vidar Andersen assumes control of the bank's operations across Asia after eight years in Shanghai. He was first Vice President of Energy, Trade & Industry then, since 2011, Senior Vice President and Head of China. During his time in China, he achieved a fourfold increase in national profitability for the bank.

Mr Serck-Hanssen also welcomed Mats Wermelin as the bank’s new leader in the key China market. "Mats comes to Shanghai after seven highly impressive years as Head of Corporate Banking, Sweden, in our Stockholm office," said Mr Serck-Hanssen. "He is ready to accept this new challenge and has robust plans to drive our business further forwards while maintaining the very highest level of service to our clients in China."


 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Commodity Giant Steps out of the Shadows

A detailed new case study scrutinizing the risk-management Swiss-based Trafigura is the latest effort to "demystify" the once-secretive commodity trading industry,

Blackstone Unlikely to Enter Commodities Trade

Blackstone exec doesn't expect move into commodities in near term Blackstone Group LP is unlikely to make a foray into commodity trading in the short term as

Cargill to Buy 100,000mt of Certified Ivorian Cocoa

U.S. agribusiness trader Cargill aims to purchase 100,000 metric tons of certified Ivorian cocoa this season, up slightly from 95,000 metric tons last season, West

Finance

Commodity Giant Steps out of the Shadows

A detailed new case study scrutinizing the risk-management Swiss-based Trafigura is the latest effort to "demystify" the once-secretive commodity trading industry,

Blackstone Unlikely to Enter Commodities Trade

Blackstone exec doesn't expect move into commodities in near term Blackstone Group LP is unlikely to make a foray into commodity trading in the short term as

Ex-BP Employee Settles Insider-trading Oil Spill Case

A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges

People in the News

Blackstone Unlikely to Enter Commodities Trade

Blackstone exec doesn't expect move into commodities in near term Blackstone Group LP is unlikely to make a foray into commodity trading in the short term as

Obama Offers US Aid to S.Korea Following Ferry Accident

U.S. President Barack Obama on Thursday expressed condolences to the families of the victims of the South Korean ferry sinking and said the U.S. military will provide

Ex-BP Employee Settles Insider-trading Oil Spill Case

A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2018 sec (5 req/sec)