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Nykredit sets up new banking, wealth management divisions

Nykredit A/S has set up a new division that will be responsible for all of the Danish lender's business and personal banking customers and appointed Tonny Thierry Andersen to oversee it.

Andersen will also join the group executive board, while Søren Holm and Kim Duus will step down from the board and from their positions on their own accord, the bank said March 20. Holm is the group's chief revenue officer, while Duus has been group managing director for wholesale.

Andersen will start in his new position June 1; until then, group CEO Michael Rasmussen will watch over the new division.

Nykredit also established a new wealth management division to be led by Peter Kjærgaard, currently co-head of Nykredit Asset Management.

Anders Jensen, the group managing director for retail, will take over chief revenue officer responsibilities, while David Hellemann will remain CFO and COO.

The resignations and organizational changes are effective March 21, but Holm and Duus will stay with Nykredit until the end of June.