Vidar Andersen has been appointed as the new Head of Asia in the Norwegian DNB Bank with base in Singapore effective from Monday September 2.
Vidar Andersen previously held the post as Head of China based in Shanghai. After eight years in Shanghai Andersen assumes to control of the bank’s operations across Asia. He was first Vice President of Energy, Trade & Industry then, since 2011, Senior Vice President and Head of China. During his time in China, he achieved a fourfold increase in national profitability for the bank.
Vidar Andersen is replacing Erik Borgen, who held the position since 2004 and is stepping down to pursue other interests.
“Erik has been the master key to our growth and achievements in the Asia region in recent years,” said Group Executive Vice President Harald Serck-Hanssen to SeaShipNews.
“He leaves DNB in excellent shape in Asia and well prepared for our next phase of engagement with this region and our next phase of growth. Everyone at the bank wishes him the very greatest success in his next endeavor,” he added.
To replace Vidar Andersen in Shanghai DNB Bank has appointed Mats Wermelin, who leaves a post in the Stockholm office as Head of Corporate Banking after seven impressive years, Serck-Hanssen said to SinoShipNEWS.