SpareBank 1 SMN

Board/Management Information • Oct 16, 2024

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

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

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