Press Release

Nordea Establishes New Group Digital Unit

30 June 2016

Nordea has the ambition to be in the forefront of digitisation within banking and therefore establishes a new Group Digital unit with the objective to drive the digital agenda forward across the Group.

Rapidly changing customer behaviour, new financial services, development of new technologies together with increasing regulatory demands create business opportunities and require that Nordea has a clear strategic digital vision with strong execution capabilities.

The new Group Digital unit will be co-headed by Poul Raaholt, previously head of Group IT at Nordea, and Ewan MacLeod, previously responsible for the Retail digital transformation programme at Royal Bank of Scotland. The new unit will start to operate on 1 September.

"Digital development is key to Nordea's future success. We have a large number of digital projects that will improve our service offerings, such as new online banking platforms, mobile payments and analytics tools, to name a few. As a strategic entity, Group Digital will together with the business areas ensure the successful delivery of value adding digital solutions to our customers," says Torsten Hagen Jørgensen, Group COO.

Group Digital will, as part of Nordea's main business processes, give an overview of the entire digital project portfolio across the whole bank. The unit will ensure alignment of digital projects with the Group's strategy and realise and utilise synergies that exist between the different digital projects in the best way.

Nordea's Core Banking and Simplification programmes as well as the Group's strategy to be a truly digital bank form important cornerstones for Group Digital.

As a consequence of the establishment of Group Digital, Alvaro Garrido is appointed new head of Group IT and Group CIO. He was previously Group Head of Technology at Standard Chartered Bank. Alvaro will start his new role on 1 September.

For further information:

Petter Larsson, Press Officer
+46 072 231 52 50