Shanghai: Norway’s DNB Bank has appointed Vidar Andersen its new Head of Asia, based in Singapore, effective from today.
Mats Wermelin has been appointed the bank’s new Head of China based in Shanghai, a post which was previously held by Andersen.
Andersen assumes control of the bank's operations across Asia after eight years in Shanghai. He was first Vice President of Energy, Trade & Industry then, since 2011, Senior Vice President and Head of China. During his time in China, he achieved a fourfold increase in national profitability for the bank.
"Mats comes to Shanghai after seven highly impressive years as Head of Corporate Banking, Sweden, in our Stockholm office," said Group Executive Vice President (Large Corporations and International), Harald Serck-Hanssen. "He is ready to accept this new challenge and has robust plans to drive our business further forwards while maintaining the very highest level of service to our clients in China." [02/09/13]
