BRFkredit A/S said it made changes to its supervisory and executive boards to target the function of the company as provider of funding for parent Jyske Bank A/S's property financing.

Niels Jakobsen and Carsten Madsen will replace Anders Dam and Per Skovhus as chairman and deputy chairman, respectively, of BRFKredit's supervisory board, following Dam's and Skovhus' resignations, effective July 1, 2018. Dam is currently CEO of Jyske Bank.

In addition, Madsen will resign as CEO of BRFkredit, also effective July 1, 2018, and will be replaced by current Executive Vice President Lars Sandberg. Madsen has been responsible for Jyske Bank's retail banking and mortgage banking businesses since July 1, 2017.