Saturday, April 23, 2016

Swedbank’s new CEO: “No crisis in the bank” – Swedish Dagbladet

Swedbank’s new CEO, Birgitte Bonnesen. Photo: Lars Pehrson

There will be a veteran will take over as CEO of Swedbank, which SvD Business already revealed. Danish Birgitte Bonnesen has worked for 30 years in the bank in a variety of posts, most recently as Country Manager Sweden.

– First I want to say that there is no crisis in Swedbank. We are the most profitable, well-capitalized bank in Europe, she says, and calls working environment for employees.

She will, however, be fully agrees that change is needed. According to the new Chairman of the Board Lars Idermark is “customer and employee values ​​that need more focus.”

– The promises must be delivered to the customers. There we have a challenge, he said.

When Birgitte Bonnesen presented on Friday she wanted to look ahead.

– It’s a time of great change in Swedbank, and I will do everything that we will be the bank, we want to be.

in the eyes of many is Swedbank’s confidence right now running in the background. Partly because both the former CEO as chairman was forced to go under humiliating forms. But the inter recruited new president-n Birgitte Bonnesen denies therefore state of crisis, despite what happened.

As we know, culminated dissatisfaction with representative Michael Wolf with police in February. Board suspicions of insider trading was never confirmed by the Economic Crimes Bureau as the past week put down the investigation, but by December had large cap manager Magnus Gagner-Geeber poked one of the people behind the contested real estate transactions, and by the end of March, Swedbank’s CFO Göran Bronner.

Before Swedbank’s meeting in early April had great owners directional spotlight on the Board Anders Sundström as well as Wolf was denied discharge.

the challenge now is also to improve Swedbank’s reputation from previous scandals, including Robur long salted fees on fund which was prepared as more active than it was, and the attempt to create oligopolies in the brokerage market by merging Property Office and the Swedish Property, a deal that it took the authorities a year to stop.

Birgitte Bonnesen described as a positive force, with integrity and independence, which the bank can inside and out for many different tasks.

she says, with a slight accent in Danish hanging in since she moved to Sweden in 1987, she “has the bank’s values ​​in the stomach” and “passionate about the bank’s vision to make people and communities can grow.”

the news from Swedbank board on Friday is to she gets similar terms to Michael Wolf, thus no variable bonus, however, annual salary of 13 million crowns as pension equal to 35 percent of salary.

It is just over a year ago, the first Sunday of Advent in 2014, when she stood and ‘fried salmon with broccoli and potatoes “as she got the phone call from Michael Wolf, who led her nails right up to today’s post as his successor. She had since 2011 been head of the bank’s operations in the Baltics and was promoted to Country Manager Sweden.

A little more private telling her that she is living apart together, have a son of 26 years, right now surfing in Bali and that she has long been living in Djursholm, although over the years in the Baltic countries was also flat in Riga in force.

– I try to keep up with the interests and friends. I go to yoga, cycling, reading books and enjoy cooking, she says.

On the more serious issue of the repayment requirement from June 1, is her opinion that it does not lead to lower housing prices, not even on the extreme levels in central Stockholm where small attic loft advertised for many millions “by the New York feeling”.

– No, Swedbank’s so big in the mortgage that we introduced this after the summer of last year. We propose tough amortization calculations, because the many people who are our customers must understand what it means if it gets worse times. Today it is also very wise to save in their home.

It is clear that Swedbank new president has had almost his entire career in the bank. After business school in Aarhus it became even then Sparkassen SDS in force for three years, before heading to its counterpart Swedbank and Swedbank in Sweden.

– I was born and raised in a småföretagarfamilj in Jutland, with all that it means to understand the responsibilities of business and customers, and how markets can change. The background gives me enough also a certain discipline, says Birgitte Bonnesen which besides turns 60 on May 18

Very many feel that Swedbank – and other banks – screws up margins, for example, such as mortgages ?

– no, it is not today. It is so transparent and so many new players that it is maintained over time if you have such an attitude, claiming Birgitte Bonnesen.

But she promises that “we can do much more and we should do. But it will take some time. “

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