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IG Group appoints board director; EFG names Portugal country head

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IG Group appoints board director; EFG names Portugal country head

S&P Global Market Intelligence presents a daily roundup of management and board changes at financial institutions in Europe. This feature excludes C-level leadership changes and previously reported stories.

DNB

* Benedicte Schilbred Fasmer, DNB ASA's group executive vice president and head of corporate banking in Norway, has left the bank amid a major reshuffle of senior management, e24.no reported. Fasmer's departure comes as DNB implements a new organizational structure and group management team.

The corporate banking division will become a new business area within DNB Bank that will also be comprised of large corporates and international, according to the report.

IG Group Holdings

* U.K.-based IG Group Holdings PLC named Andrew Didham nonexecutive director, effective Sept. 19. Didham is also a nonexecutive director on Charles Stanley Group PLC's board.

EFG International

* Swiss private banking group EFG International AG appointed Bernardo Meyrelles do Souto country head for Portugal. Meyrelles will take up the role immediately and report to EFG Bank (Luxembourg) SA CEO Lena Lascari. He worked as head of Deutsche Bank AG's Portugal business from 2012 to 2019.

The launch of EFG's operations in Lisbon, Portugal, is part of the group's plan to expand in southern Europe. Pedro Rego, who was involved in the Portugal launch, will continue to be a member of the bank's senior management team, reporting to Meyrelles.

St. Galler Kantonalbank

* Switzerland-based St. Galler Kantonalbank appointed René Walser as an executive board member and head of retail and commercial clients, effective July 1, 2020. Walser replaces Albert Koller, who is leaving the bank.

Arno Maierbrugger and Gerard O'Dwyer contributed to this report.