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Nordea COO steps down amid management revamp

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Nordea COO steps down amid management revamp

Nordea Bank Abp Deputy CEO and Group COO Torsten Hagen Jørgensen is leaving the lender amid a governance team reshuffle.

Under the revamp, the Finland-based banking group will remove the combined group COO and deputy CEO roles and evaluate new responsibilities for the COO, which will be announced some other time.

Jørgensen resigned from the executive management team, effectively immediately, but will be available for an orderly transition. He joined the bank in 2005 and served as group CFO from 2013 before being named group COO in 2015. Nordea's new COO will be announced later.

Additionally, Karen Tobiasen resigned as chief people officer as part of the revamp, while Jussi Koskinen, currently group chief legal officer, was appointed interim deputy managing director.

The changes come just days after the bank named Frank Vang-Jensen president and CEO, replacing Casper von Koskull, who will retire by 2020-end. Vang-Jensen previously held the same role at Sweden's Svenska Handelsbanken AB (publ).