Torben Nielsen appointed CFO and Treasurer

Mr Nielsen joined NIB in 1997 as Vice President in the Treasury Department. In 1998 he was appointed Senior Vice President and Deputy Head of Treasury responsible for the Asset and Liability Management.

Mr Torben Nielsen will assume his new role as CFO and Treasurer on 1 October 2004. He will succeed Executive Vice President, Mr Bo Heide-Ottosen, who has been appointed Executive Committee Member of the Depfa Group, Dublin, Ireland.