SpareBank 1 SMN: Changes to organisational set-up and group management team

16 Oct 2024 08:30 CEST

SpareBank 1 SMN has in recent years built up Norway’s most complete finance
centre – physically and digitally. The core concept has been to make all
financial services available to customers under one and the same roof. The
organisation is now being revamped to achieve further synergies and greater
power in its development work.

Since 2020 both EiendomsMegler 1 Midt-Norge and SpareBank 1 Regnskapshuset SMN
have been integrated into the wider business in order to generate increased
synergies and a more attractive customer offering. The heads of these companies
have in the past four years been part of the group management team.

“By offering everything from accounting and estate agency services to insurance,
saving, investment and banking services under the same roof, we cater both to
people and firms where they are. This also makes us an attractive employer. Our
bank has the broadest customer offering among banks in Norway, and the largest
share of other income. Thats good for our customers, our shareholders and our
employees”, says Group CEO Jan-Frode Janson.

Adjustments are now being made to our organisational set-up to ensure further
synergies on the expenses and income side alike, and to raise the pace of
development work. Development efforts across the business lines are assembled in
the division for “Technology and Development”. A separate division for “Quality
and Economic Crime” is also being established, where efficiency improvements
will be a key goal.

The physical finance centres have enabled strong specialised entities to be
developed with strong relations in local communities throughout Mid-Norway. The
geographical division Sunnmøre and Fjordane will now be replaced by further
finance centres in the region.

“We see that proximity to our customers means a lot, and are therefore further
strengthening our management and presence through additional finance centres. We
fairly recently established finance centres in Oslo and Sykkylven, and will
build up a new one in Kristiansund. We note that customers are appreciative, and
that the model makes for expanded market shares and increased sales. We will
therefore consider following the same model in further market areas ahead”, says
Group CEO Jan-Frode Janson.

Executive director of the Personal Banking Division, Nelly Maske, will leave the
group management team on 1 November 2024. She will be replaced by Monica Haftorn
Iversen who departs her position as director of market areas in the same
division. Executive director of the Sunnmøre and Fjordane Division, Stig
Brautaset, will as from year-end switch to an advisory position with the group
management team, and will continue to report to Group CEO Jan-Frode Janson.
The organisational changes will be effective as from 1 January 2025.

After the changes SpareBank 1 SMN’s group management team will comprise:

Jan-Frode Janson, Group CEO
Trond Søraas, CFO
Monica Haftorn Iversen, executive director Retail Banking
Vegard Helland, executive director Corporate Banking
Ola Neråsen, executive director Risk Management
Astrid Undheim, executive director Technology and Development
Rolf Jarle Brøske, executive director Communications, Markets and Digital Sales
Arne Nypan, CEO SpareBank 1 Regnskapshuset SMN
Kjetil Reinsberg, CEO EiendomsMegler 1 Midt-Norge
Executive director Quality and Economic Crime (vacant)

Contact:
Group CEO Jan-Frode Janson on +47 909 75 183
Executive director Rolf Jarle Brøske on +47 911 12 475

More information:
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