Future structure of Nordea Life & Pensions in place

Future structure of Nordea Life & Pensions in place On 30 October, Nordea announced the formation of a new business area, Asset Management & Life, headed by Christian Clausen. The new business area was created through a merger of Asset Management and Life Insurance and Pensions. As of today, Seppo Ilvessalo has been appointed head of Life & Pensions, a new business unit within Nordea Asset Management & Life. Jukka Venäläinen has been appointed head of Life & Pensions, Finland, while Michael Brag, Jørund Vandvik and Gunnar Andersson will continue to work as country heads in Denmark, Norway and Sweden. Following the changes, Asset Management & Life consists of six business units: Investment Management, Life & Pensions, Investment Funds, Long Term Savings & Life, Nordic Private Banking and European Private Banking. Life & Pensions includes Tryg Pension (Denmark), Vesta Pension (Norway), Livia (Sweden), Nordea Life (Finland), Nordea Zycie (Poland) as well as activities in Luxembourg and Isle of Man. It is planned to market the Life & Pensions activities under the Nordea brand. Further information: Christian Clausen,Head of Asset Management & Life, +45 33 33 15 00 Bjarne Rostbøll Christiansen, Communications Officer, +45 33 33 10 79 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/12/17/20011217BIT00350/bit0002.doc http://www.waymaker.net/bitonline/2001/12/17/20011217BIT00350/bit0002.pdf