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Danske Bank A/S (DANSKE.CO)

DANSKE.CO on Copenhagen Stock Exchange

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Summary

Name Age Since Current Position

Ole Andersen

60 2011 Independent Chairman of the Board of Directors

Thomas Borgen

52 2013 Chief Executive Officer, Member of the Executive Board

Jacob Aarup-Andersen

39 2016 Chief Financial Officer, Member of the Executive Board

James Ditmore

56 2014 Chief Operating Officer, Head of Group Services & Group IT, Member of the Executive Board

Carsten Egeriis

40 2017 Chief Risk Officer, Member of the Executive Board

Tonny Andersen

52 2016 Head of Wealth Management, Member of the Executive Board

Jesper Nielsen

48 2016 Head of Personal Banking, Member of the Executive Board

Glenn Soderholm

52 2013 Head of Corporates & Institutions, Member of the Executive Board

Lars Stensgaard Moerch

44 2012 Head of Business Banking, Member of the Executive Board

Dorte Bielefeldt

2017 Director, Employee Representative

Kirsten Brich

43 2014 Director, Employee Representative

Carsten Eilertsen

67 2010 Director, Employee Representative

Charlotte Hoffmann

50 2006 Director, Employee Representative

Martin Tiveus

47 2017 Director

Urban Backstrom

62 2012 Independent Director

Lars-Erik Brenoee

55 2016 Independent Director

Joern Jensen

53 2012 Independent Director

Rolv Ryssdal

54 2014 Independent Director

Carol Sergeant

64 2013 Independent Director

Hilde Tonne

51 2016 Independent Director

Claus Jensen

2016 Director of Investor Relations

Biographies

Name Description

Ole Andersen

Mr. Ole Andersen has served as Independent Chairman of the Board of Directors of Danske Bank A/S since December 2011. Prior to this, he served as Vice Chairman of the Board since March 29, 2011. He joined the Board as Member on March 23, 2010. He is also Chairman of the Company’s Remuneration Committee and the Nomination Committee, as well as Member of the Risk Committee. He started his professional career at Arthur Andersen (1984-1989). After that, he joined Skandinavisk Holding (1989-1990). He was also Partner at Capex (1990) and at Trap & Kornum (1990-1991). Later on, he became Managing Director of Alfred Berg Corporate Finance (1991-1997) and after that joined SEB, where he served as Head of SEB Corporate Finance, Denmark (1997-2000) and Global Manager, SEB Corporate Finance (2000-2003). Most recently, he was employed as Senior Partner at EQT Partners (2003-2008). Mr. Andersen holds a number of directorships. He is Chairman of the Boards of Directors of Bang & Olufsen A/S and Chr. Hansen Holding A/S. Apart from this, he serves as Member of the Nomination Committee of NASDAQ Nordic Ltd., Member of the Board of Directors of Fonden Human Practice Foundation and Member of The Danish Committee on Corporate Governance. He is also Adjunct Professor at Copenhagen Business School. Mr. Andersen is State-authorized Public Accountant (1989). He holds a Master of Science degree in Business Economics and Auditing (1988) and Graduate Diploma in Business Administration (1985).

Thomas Borgen

Mr. Thomas F. Borgen has been Chief Executive Officer of Danske Bank A/S since September 16, 2013, and Member of the Company’s Executive Board since September 1, 2009. He joined Danske Bank in 1997 and has over the years held such positions as Head of Corporate and Institutions since June 1, 2012; Head of International Banking Activities, Danske Markets, Group Treasury and Corporate & Institutional Banking (2010-2012), and Head of International Banking Activities and Danske Markets (2009). In the past he used to work for Fokus Bank ASA as Managing Director (2001). Earlier in his career, he was Chief Dealer, Den Danske Bank, Oslo (1997), Head of Arbitrage at Nordlandsbanken AS (1994), Deputy Manager at Chemical Bank Norge AS (1991), Manager/Associate at Chemical Bank Ltd. in London (1989) and Facilities Coordinator at Nevi Finans in Fredrikstad (1987). Mr. Borgen is Member of the Board of Kong Olav V's Fond and Chairman of Forsikringsselskabet Danica, Skadeforsikringsaktieselskab af 1999 and Danica Pension, Livsforsikringsaktieselskab. He holds a Master of Science degree in Business Administration (1989) and a Bachelor of Arts degree in Business Organization (1987).

Jacob Aarup-Andersen

Mr. Jacob Aarup-Andersen has been appointed Chief Financial Officer and Member of the Executive Board at Danske Bank A/S effective as of April 1, 2016. He holds a master’s degree in economics and comes from a position as CFO at Danica Pension. His previous work experience includes a position as chief portfolio manager at Danske Capital and a ten year stint in the financial district in London. He also serves as Member of the Board of Directors of Realkredit Danmark A/S, and Chairman of Kreditforeningen Danmarks Pensionsafviklingskasse and Danske Hypotek AB, among others.

James Ditmore

Mr. James (Jim) Ditmore has been appointed Chief Operating Officer, Head of Group Services & Group IT and Member of the Executive Board of Danske Bank A/S, effective as of April 21, 2014. He has previously been Chief Technology Officer, Senior Vice President, at Allstate Insurance, Chicago, Illinois, with responsibility for Technology Infrastructure and IT Operations, Architecture and Data. He holds directorships at ITPeopleNetwork and Northern Bank Limited.

Carsten Egeriis

Mr. Carsten Egeriis has been appointed Chief Risk Officer and Member of the Executive Board at Danske Bank A/S effective as of September 1, 2017 at the latest. Carsten Egeriis holds a Bachelor of Science in International Business from Copenhagen Business School and an Executive MBA from London Business School. He comes from a position as CRO of Barclays UK in London, where he has held various positions over the past ten years, including several risk management positions, with Barclays Bank. Carsten Egeriis was also previously CRO of GE Money Bank in Germany and GE Capital in Portugal.

Tonny Andersen

Mr. Tonny Thierry Andersen has been Head of Wealth Management and Member of the Executive Board at Danske bank A/S since April 1, 2016. He no longer serves as Head of Personal Banking at the Bank, effective as of October 1, 2016. He has been Head of Personal Banking and Member of the Executive Board at Danske Bank A/S since June 1, 2012. He has been Member of the Company’s Executive Board since September 1, 2006. He joined the Company in 1999 as First Vice President, Group Finance (1999-2001) and has since held such positions as Senior Vice President, Group Finance (2001-2003), Chief Financial Officer (2003-2010) and Head of Danske Bank Denmark (2010-2012). Prior to Danske Bank, he was First Vice President at Nykredit Bank A/S (1996-1999); Summer Associate, Corporate Finance at Financial Institutions Group within J.P. Morgan in New York (2005); Corporate Banking Adviser, Credit Manager and General Manager for Subsidiaries (leasing & property) at Forstaedernes Bank A/S (1986-1994), and Trainee, Senior Bank Clerk and Investment Adviser at Jyske Bank (1982-1986). Mr. Andersen holds a number of directorships. He chairs the Boards of Directors of FRI af 16.september 2015 A/S, Danske Bank International S.A., Danske Bank Oyj, Danske Invest Management A/S, The Private Contingency Association for the Winding up of Distressed Banks, Savings Banks and Co-operative Banks, and Realkredit Danmark A/S. He is also Member of the Boards of Directors of Vaerdiansaettelsesraadet, ICC Danmark and Danish Economics Council, among others. Mr. Andersen holds a Graduate Diploma in Business Finance from Copenhagen Business School (1989-1993) and a Master of Business Administration degree from Darden School of Business, University of Virginia (1994-1996). Apart from this, he has completed various executive management training programs at Stanford Business School, Harvard Business School and Medill School of Journalism at Northwestern University.

Jesper Nielsen

Mr. Jesper Nielsen has been appointed Head of Personal Banking and Member of the Executive Board of Danske Bank A/S, effective as of October 1, 2016. He holds a master of science degree in economics, has been employed with Danske Bank since 1996 and comes from a position as head of Business Development at Personal Banking. He also serves as Chairman of e-nettet and MobileDay A/S.

Glenn Soderholm

Mr. Glenn Soderholm has served as Head of Corporates & Institutions and Member of the Executive Board at Danske Bank A/S since November 1, 2013. He has been with Danske Bank since 1998. He was previously Global Head of CIB (Corporate & Institutional Banking) (2013); Global Co-Head of Danske Bank Markets (2012-2013); Global Head of TFM Sales and Products, Deputy Head of Danske Markets (2007-2012); Head of Danske Markets Sweden (2002-2006) and Head of Sales Danske Markets Sweden (1998-2002). Before that, he was Head of Sales at Svenska Handelsbanken (1997-1998); Head of Fixed Income Sales at SEB (1996-1997); Head of Sales Consensus at Fondkommission (1993-1996); served in Fixed Income Sales at SEB (1992-1993 ) and in Project Finance at SEB, (1991-1992). He is Member of the Board of NASDAQ Nordic Ltd. He completed a Senior Executive Program at London Business School in 2010, and holds a Bachelor of Business Administration degree from Stockholms universitet (1990).

Lars Stensgaard Moerch

Mr. Lars Stensgaard Moerch has been Head of Business Banking and Member of the Executive Board of Danske Bank A/S since June 1, 2012. Previously, he was Managing Director of Danske Bank Sweden at the Company since January 1, 2010. He joined Danske Bank in 1999 as responsible for Leadership Development at Group Human Resources (HR) department. Later on, he was appointed Head of HR Development (2000-2002) and held various other roles within the department (2003-2005). He was Member of the Executive Committee of the Company from 2006 to 2012. In 2006, he became Head of Group Human Resources, and on March 13, 2008, he was appointed Head of Group Human Resources & Communications. Prior to joining the Company he was External Lecturer (2000-2003), Teaching Assistant (1999-2000) and Research Assistant (1998) at Copenhagen Business School, as well as Research Assistant at Aalborg University (1996). He started his career at Superfos A/S (1995-1996). Mr. Stensgaard Moerch is Chairman of the Boards of Directors of Northern Bank Limited and Danske Leasing A/S, Vice Chairman of the Board of Realkredit Danmark A/S and Member of the Board of Graensefonden and Dagmar Marshalls Fond. He holds a Master of Arts degree in Business from Warwick Business School (1998) and has competed Stanford Executive Program at Stanford University (2006).

Dorte Bielefeldt

Ms. Dorte Annette Bielefeldt has been Director, Employee Representative at DANSKE BANK A/S since September 28, 2017. She is a board member of Danske Kreds (Danske Bank’s staff organization and representative of staff who are members of the Financial Services Union in Denmark).

Kirsten Brich

Ms. Kirsten Ebbe Brich has been appointed Employee Representative on the Board of Directors of Danske Bank A/S, effective as of March 18, 2014. She is also Board Member of Danske Kreds.

Carsten Eilertsen

Mr. Carsten Eilertsen has served as Employee Representative on the Board of Directors of Danske Bank A/S since March 23, 2010. He is Vice Chairman of Danske Kreds. He also serves on the Executive Committee of Danske Unions. He is also Member of the Board of Danske Banks Pensionskasse for medarbejdere med tilsagnsordning i Danica.

Charlotte Hoffmann

Ms. Charlotte Hoffmann has served as Employee Representative on the Board of Directors of Danske Bank A/S since March 14, 2006. She is also Member of the Remuneration Committee. She is Senior Personal Adviser at the Company.

Martin Tiveus

Urban Backstrom

Mr. Urban Backstrom has been Independent Member of the Board of Directors of Danske Bank A/S since March 27, 2012. He also serves as Member of the Company’s Risk Committee and Nomination Committee. In the past he was Chief Executive Officer of Skandia Liv (2003-2005), Governor of Sveriges Riksbank (Swedish Central Bank) (1994-2002), State Secretary at Ministry of Finance in Sweden (1991-1993), Chief Executive Officer of Consensus Fondkommission, (1989-1991), and Chief Economist at Moderata Samlingspartiet (1986-1989) and Aktiespararna (1985-1986). He also served at Hotel Mollberg (1983-1985) and as Chief Economist at Moderata Samlingspartiet (1982-1983), Ministry of Finance (1980-1982) and as research assistant and teacher at University of Stockholm (1978-1981). Mr. Backstrom is Board Member of Stiftelsen Fritt Naringsliv/Timbro and Chairman of the Board of Rederiaktiebolaget Gotland and a subsidiary. He is also Member of the Board of Lancelot Holding AB and a subsidiary. He is Honorary Doctor of Jonkoping University. He holds a Bachelor of Science degree in Economics from Stockholms universitet (1979).

Lars-Erik Brenoee

Mr. Lars-Erik Brenoee has served as Independent Member of the Board of Directors of Danske Bank A/S since March 17, 2016. He is Member of the Company’s Audit Committee. He also serves as Executive Vice President, Head of Chairman’s Office at A.P. Moeller-Maersk A/S. He is also member of the boards of directors or the executive boards of seven affiliated undertakings of The A.P. Moeller and Hustru Chastine Mc-Kinney Moeller Foundation, vice chairman and chairman of four affiliated undertakings of Maersk Broker A/S, and Member of the Board of Estemco A/S, Fonden Lindoe Offshore Renewables Center and A.P. Moeller og Hustru Chastine Mc-Kinney Moellers Familiefond. He is also Vice Chairman of Komiteen for god fondsledelse and Member of the Council of The Confederation of Danish Industry.

Joern Jensen

Mr. Joern Peter Jensen has been Independent Member of the Board of Directors of Danske Bank A/S since March 27, 2012. He also serves as Chairman of the Company’s Audit Committee. Mr. Jensen has been Deputy Chief Executive Officer & Chief Financial Officer (CFO) of Carlsberg Breweries & Carlsberg A/S. He joined Carlsberg in 2000 and has since held such roles as CFO of Carlsberg A/S (2000-2001) and CEO of the company (2001-2004). He was also CFO of Carlsberg Breweries and Carlsberg A/S (2004-2007). Earlier in his career he worked for Nilfisk Advance A/S as Executive Vice President & CFO (1999-2000) and for Foss Electric A/S as CFO (1994-1999). Mr. Jensen is Vice Chairman of the Board of The Danish Committee on Corporate Governance, member of the board of directors and chairman of the audit committee of VimpelCom Ltd and Chairman of Trifork Holding AG. Mr. Jensen holds a Master of Science degree in Economics and Business Administration from Copenhagen Business School.

Rolv Ryssdal

Mr. Rolv Erik Ryssdal has served as Independent Member of the Board of Directors of Danske Bank A/S since March 18, 2014. He is also Chief Executive Officer of Schibsted ASA, and chairman of the boards of directors of five subsidiaries of Schibsted Media Group.

Carol Sergeant

Ms. Carol Frances Sergeant, CBE has served as Independent Member of the Board of Directors of Danske Bank A/S since March 18, 2013. She is Chairman of Risk Committee and Member of Audit Committee at the Company. She is a former Financial Services Non-Executive Director and Special Adviser to Bank CEOs and Chairmen (2011-2013). Prior to that, she was Chief Risk Officer at Lloyds Banking Group (2004-2011), and Managing Director, Risk and Regulatory Processes, as well as Board Member of UK Financial Services Authority (1998-2003). She started her career at Bank of England, most lately serving as Head of Department, Major UK Banks Supervision (1974-1998). She is Member of the Board of Directors, Chairman of Risk Committee and Member of the Audit Committee at Tullett Prebon Plc. Apart from this, she holds a number of charity and academic positions, including Advisory Board Member of Cass Business School, Chairman of the British Standards Institute Policy and Strategy Committee, Trustee of The Lloyds Register Foundation and Member of The Governing Council of the Center for the Study of Financial Innovation (CSFI). Ms. Sergeant obtained a Master of Business Administration degree from Cass Business School, part of City University London, in 1979. Prior to that, she completed studies in Modern Languages at Newnham College, University of Cambridge in 1974.

Hilde Tonne

Ms. Hilde Merete Tonne has served as Independent Member of the Board of Directors of Danske Bank A/S since March 17, 2016. She is Member of the Company’s Remuneration Committee. She also serves as Member of the Board of Vattenfall AB.

Claus Jensen