Asia

Vidar Andersen to head DNB’s Asia ops as Erik Borgen quits

Shanghai: Norway’s DNB Bank has appointed Vidar Andersen its new Head of Asia, based in Singapore, effective from today.

Andersen assumes control of the bank's operations across Asia after eight years in Shanghai. During his time in China, he achieved a fourfold increase in national profitability for the bank.

“Vidar's understanding of the needs of Asia's markets and its business sensibilities is without peer. He is the right person to take command and spearhead our next phase of development in the region," said group executive vice president, Harald Serck-Hanssen.

Andersen joined DNB in 2001. He worked in both Oslo and New York prior to Shanghai.

Serck-Hanssen also thanked the outgoing regional head of DNB Bank, Erik Borgen, who has held the position since 2004 and is stepping down to pursue other interests.

"Erik has been the master key to our growth and achievements in the Asia region in recent years," said Serck-Hanssen. “He leaves DNB in excellent shape in Asia and well prepared for our next phase of engagement with this region and our next phase of growth. Everyone at the bank wishes him the very greatest success in his next endeavor," he added.  [02/09/13]

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