September 5, 2019 / 5:24 AM / 14 days ago

Nordea names former Handelsbanken chief Vang-Jensen as its new CEO

STOCKHOLM, Sept 5 (Reuters) - Finland’s Nordea said on Thursday it had appointed its head of personal banking at the Nordic region’s biggest bank, Frank Vang-Jensen, as its new top executive.

Vang-Jensen, a former chief executive at rival Handelsbanken , has worked at Nordea since 2017. Nordea said in a statement that out-going CEO Casper von Koskull would stay with the bank until 2020 to secure an orderly transition.

“Nordea has potential that is not fully utilised today,” Vang-Jensen said in a statement. “We need to quickly and continuously create new revenues and increase cost efficiency.”

Reporting by Niklas Pollard; Editing by Jacob Gronholt-Pedersen

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