Nordea Bank Abp Management

Management criteria checks 3/4

Nordea Bank Abp's CEO is Frank Vang-Jensen, appointed in Sep 2019, has a tenure of 5.17 years. total yearly compensation is €3.66M, comprised of 41.7% salary and 58.3% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth €2.45M. The average tenure of the management team and the board of directors is 5 years and 2.7 years respectively.

Key information

Frank Vang-Jensen

Chief executive officer

€3.7m

Total compensation

CEO salary percentage	41.7%
CEO tenure	5.2yrs
CEO ownership	0.007%
Management average tenure	5yrs
Board average tenure	2.7yrs

Recent management updates

Recent updates

The Nordea Bank Abp (HEL:NDA FI) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Oct 20

CEO Compensation Analysis

How has Frank Vang-Jensen's remuneration changed compared to Nordea Bank Abp's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€5b
Jun 30 2024	n/a	n/a	€5b
Mar 31 2024	n/a	n/a	€5b
Dec 31 2023	€4m	€2m	€5b
Sep 30 2023	n/a	n/a	€5b
Jun 30 2023	n/a	n/a	€5b
Mar 31 2023	n/a	n/a	€4b
Dec 31 2022	€4m	€1m	€4b
Sep 30 2022	n/a	n/a	€3b
Jun 30 2022	n/a	n/a	€3b
Mar 31 2022	n/a	n/a	€3b
Dec 31 2021	€3m	€1m	€4b
Sep 30 2021	n/a	n/a	€4b
Jun 30 2021	n/a	n/a	€3b
Mar 31 2021	n/a	n/a	€3b
Dec 31 2020	€2m	€1m	€2b
Sep 30 2020	n/a	n/a	€2b
Jun 30 2020	n/a	n/a	€1b
Mar 31 2020	n/a	n/a	€2b
Dec 31 2019	€697k	€408k	€2b

Compensation vs Market: Frank's total compensation ($USD3.81M) is about average for companies of similar size in the Finnish market ($USD3.27M).

Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.

CEO

Frank Vang-Jensen (57 yo)

5.2yrs

Tenure

€3,660,364

Compensation

Mr. Frank Vang-Jensen was President and Group Chief Executive Officer at Nordea Henkivakuutus Suomi Oy since September 05, 2019. He is Group Chief Executive Officer at Nordea Bank Abp (Nordea Bank AB (publ...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Frank Vang-Jensen	President & Group CEO	5.2yrs	€3.66m	0.0066% € 2.5m
Jussi Koskinen	Group Chief Legal Officer	6.2yrs	€1.37m	0.0012% € 434.5k
Ian Smith	Group CFO & Head of Group Finance	4.1yrs	no data	0.0020% € 750.1k
Paul Bari	Group CIO and Head of Group Technology	7.8yrs	no data	no data
Ilkka Ottoila	Head of Investor Relations	no data	no data	no data
James Graham	Chief Compliance Officer & Head of Group Compliance	3.1yrs	no data	0.00064% € 237.7k
Ulrika Alexandra Romantschuk	Head of Group Brand	4yrs	no data	0.00066% € 245.1k
Christina Gadeberg	Chief People Officer	4.9yrs	no data	0.0010% € 375.1k
Johan Ekwall	Chief of Staff	no data	no data	no data
Ari Kaperi	Head of Business Banking & Country Senior Executive In Finland	18.3yrs	no data	no data
Jukka M. Salonen	Head of Group Simplification	no data	no data	no data
Jukka Perttula	Head of Private Banking Finland	no data	no data	no data

5.0yrs

Average Tenure

58yo

Average Age

Experienced Management: NDA FI's management team is seasoned and experienced (5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kjersti Wiklund	Independent Director	2.7yrs	€179.50k	0.00031% € 115.1k
Stephen Hester	Independent Chairman of the Board	2.7yrs	€398.13k	0.0026% € 958.1k
John Maltby	Independent Non Executive Director	5.7yrs	€204.38k	0.00024% € 89.1k
Risto Murto	Independent Director	1.7yrs	€104.25k	0.00032% € 118.8k
Arja Talma	Independent Director	2.7yrs	€167.75k	0.00029% € 107.7k
Lene Skole-Sorensen	Independent Vice Chair	2.7yrs	€182.88k	0.00083% € 308.2k
Per Stromberg	Independent Director	1.7yrs	€126.00k	0.00029% € 107.7k
Jonas Synnergren	Independent Director	4.5yrs	€137.88k	no data
Petra Van Hoeken	Independent Director	5.7yrs	€204.38k	0.000070% € 26.0k
Gerhard Olsson	Employee Representative Director	1.7yrs	no data	no data
Joanna Koskinen	Director	no data	no data	no data
Kasper Pedersen	Employee Representative Director	1.2yrs	no data	no data

2.7yrs

Average Tenure

61.5yo

Average Age

Experienced Board: NDA FI's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

Nordea Bank Abp Management

Management criteria checks 3/4

Key information

Recent management updates

Nordea Bank Abp Announces Executive Changes, Effective as of 1 January 2025

Nordea Bank Abp Announces Composition of Shareholders' Nomination Board

Nordea Bank Abp, Annual General Meeting, Mar 20, 2025

Nordea Bank Abp Approves Board Appointments

Nordea Bank Abp Announces Birger Steen Is Not Available for Re-Election

Nordea Announces Management Changes

Recent updates

Nordea Bank Abp (OM:NDA SE) completed the acquisition of Personal Customer Business and Associated Savings Assets in Norway of Danske Bank A/S.

The Nordea Bank Abp (HEL:NDA FI) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Nordea Bank Abp Announces Executive Changes, Effective as of 1 January 2025

Nordea Bank Abp Announces Composition of Shareholders' Nomination Board

Nordea Bank Abp, Annual General Meeting, Mar 20, 2025

Nordea Bank Abp to Report Fiscal Year 2024 Results on Jan 30, 2025

Second quarter 2024 earnings released: EPS: €0.37 (vs €0.37 in 2Q 2023)

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Nordea Bank Abp Approves Board Appointments

Upcoming dividend of €0.92 per share

Nordea Bank Abp Proposes Dividend for 2023

Nordea Bank Abp Announces Birger Steen Is Not Available for Re-Election

Nordea Announces Change in Accounting Practice for Development Costs Related to Nordea's Digital Services

Third quarter 2023 earnings released: EPS: €0.38 (vs €0.27 in 3Q 2022)

Nordea Announces Management Changes

Nordea Bank Abp, Annual General Meeting, Mar 21, 2024

New major risk - Earnings quality

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

New major risk - Revenue and earnings growth

Nordea Bank Abp Appoints Jyrki Katainen as Head of Group Public Affairs

Nordea Bank Abp (OM:NDA SE) completed the acquisition of Advinans AB.

First quarter 2023 earnings released: EPS: €0.31 (vs €0.06 in 1Q 2022)

Independent Chairman of the Board recently bought €390k worth of stock

Upcoming dividend of €0.80 per share at 7.7% yield

Torbjörn Magnusson and Robin Lawther Not to Stand for Re-Election as Directors of Nordea Bank Abp

Full year 2022 earnings released: EPS: €0.95 (vs €0.95 in FY 2021)

Nordea Bank Abp Proposes Dividend

Nordea Bank Abp Announces Executive Changes

Nordea Bank Abp(OM:NDA SE) dropped from OMX Nordic All-Share Index

Third quarter 2022 earnings released: EPS: €0.27 (vs €0.25 in 3Q 2021)

Nordea Bank Abp to Report Q1, 2023 Results on Apr 27, 2023

Nordea Bank Abp Announces Board Appointments

Blackstone Inc. (NYSE:BX) acquired additional 11.6% stake in Luminor Group AB from Nordea Bank Abp (OM:NDA SE).

Blackstone Inc. (NYSE:BX) acquired additional 11.6% stake in Luminor Group AB from Nordea Bank Abp (OM:NDA SE).

Second quarter 2022 earnings: EPS exceeds analyst expectations

Ahlsell Danmark Aps agreed to acquire a 75.49% stake in Sanistål A/S (CPSE : SANI) from Danske Bank A/S (CPSE:DANSKE), Jyske Bank A/S (CPSE:JYSK), Nykredit Bank A/S and Nordea Bank Abp (OM:NDA SE) for approximately DKK 520 million.

Upcoming dividend of €0.69 per share

Investor sentiment improved over the past week

Now 22% undervalued after recent price drop

Nordea Proposes 2021 Dividend

Price target increased to €11.17

Third quarter 2021 earnings released: EPS €0.25 (vs €0.21 in 3Q 2020)

Chief Compliance Officer & Head of Group Compliance Helene Jepson has left the company

Upcoming dividend of €0.72 per share

Price target increased to €10.37

Employee Representative Director Kari Ahola has left the company

Employee Representative Director Kari Ahola has left the company

Employee Representative Director Kari Ahola has left the company

Employee Representative Director Kari Ahola has left the company

Co-Head of Corporate and Investment Banking Mathias Leijon has left the company

Co-Head of Corporate and Investment Banking Mathias Leijon has left the company

Second quarter 2021 earnings released: EPS €0.25 (vs €0.06 in 2Q 2020)

Price target increased to €9.26

Nordea Bank Abp Reiterates Earnings Guidance for 2022

Independent Director has left the company

Full year 2020 earnings released: EPS €0.55 (vs €0.38 in FY 2019)

Revenue beats expectations, earnings disappoint

Catella AB (Publ) Mandates ABG Sundal Collier AB and Nordea Bank Abp as Joint Bookrunners

Nordea Enters into Referral Agreement with Citi for Sub-Custody Services

New 90-day high: €7.53

Nordea Bank Abp Elects Claudia Dill as New Member of the Board of Directors

Full year 2020 earnings released: EPS €0.55 (vs €0.38 in FY 2019)

Revenue beats expectations, earnings disappoint

Loomis AB (publ) (OM:LOOM B) completed the acquisition of Automatia Pankkiautomaatit Oy from Danske Bank A/S (CPSE:DANSKE), OP Financial Group and Nordea Bank Abp (OM:NDA SE).

New 90-day high: €6.96

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

Nordea Bank Abp to Report Q2, 2021 Results on Jul 21, 2021