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 5.25 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 SEK27.70M. The average tenure of the management team and the board of directors is 5 years and 2.8 years respectively.
Key information
Frank Vang-Jensen
Chief executive officer
€3.7m
Total compensation
| CEO salary percentage | 41.7% |
| CEO tenure | 5.3yrs |
| CEO ownership | 0.007% |
| Management average tenure | 5yrs |
| Board average tenure | 2.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| 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 ($USD3.82M) is below average for companies of similar size in the UK market ($USD5.77M).
Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.
CEO
Frank Vang-Jensen (57 yo)
5.3yrs
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 |
|---|---|---|---|---|
| President & Group CEO | 5.3yrs | €3.66m | 0.0066% SEK 27.7m | |
| Group Chief Legal Officer | 6.3yrs | €1.37m | 0.0012% SEK 4.9m | |
| Group CFO & Head of Group Finance | 4.2yrs | no data | 0.0020% SEK 8.5m | |
| Head of Group Technology | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Compliance Officer & Head of Group Compliance | 3.2yrs | no data | 0.00064% SEK 2.7m | |
| Head of Group Brand | 4.1yrs | no data | 0.00066% SEK 2.8m | |
| Chief People Officer | 5yrs | no data | 0.0010% SEK 4.2m | |
| Chief of Staff | no data | no data | no data | |
| Head of Business Banking & Country Senior Executive In Finland | 18.4yrs | no data | no data | |
| Head of Group Simplification | no data | no data | no data | |
| Head of Private Banking Finland | no data | no data | no data |
5.0yrs
Average Tenure
58yo
Average Age
Experienced Management: NDAS's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 2.8yrs | €179.50k | 0.00032% SEK 1.3m | |
| Independent Chairman of the Board | 2.8yrs | €398.13k | 0.0026% SEK 10.8m | |
| Independent Non Executive Director | 5.8yrs | €204.38k | 0.00024% SEK 1.0m | |
| Independent Director | 1.8yrs | €104.25k | 0.00032% SEK 1.3m | |
| Independent Director | 2.8yrs | €167.75k | 0.00029% SEK 1.2m | |
| Independent Vice Chair | 2.8yrs | €182.88k | 0.00083% SEK 3.5m | |
| Independent Director | 1.8yrs | €126.00k | 0.00029% SEK 1.2m | |
| Independent Director | 4.6yrs | €137.88k | no data | |
| Independent Director | 5.8yrs | €204.38k | 0.000070% SEK 292.9k | |
| Employee Representative Director | 1.8yrs | no data | no data | |
| Director | no data | no data | no data | |
| Employee Representative Director | 1.3yrs | no data | no data |
2.8yrs
Average Tenure
61.5yo
Average Age
Experienced Board: NDAS's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 03:19 |
| End of Day Share Price | 2024/11/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Nordea Bank Abp is covered by 52 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Magnus Andersson | ABG Sundal Collier |
| Pierre-Yves Gauthier | AlphaValue |
| Fridtjof Berents | Arctic Securities ASA |