Operational knowledge, Risk/Regulatory focus, and International Leadership experience are the headlines following a 28-year operational career within financial services, latest as CEO and member of the Board of Management.

Board Experience

Heimstaden AB, Heimstaden Bostad AB (publ) April 2021 Board member.
ATP (Arbejdsmarkedet Tillægspension), www.atp.dk, Lønmodtagernes Garantifond (LG), Arbejdsmarkedets Fond for Udstationerede (AFU), Seniorpensionsenheden October 2020 Board member.
Committee member.
Københavns Universitet April 2018 Member of the Nomination Committee (Udpegningsorganet)
Gjensidige Forsikring ASA, Norway Spring 2018 Chairman of the Audit Committee.
Board member.
Nykredit A/S (March 2017)
Nykredit Realkredit A/S
Committee member.
Board member. Among Europe’s largest private mortgage institutions.
Forenet Kredit March 2016 – March 2021 Board member. Delegate, bondholder representative. The delegate assembly (Repræsentantskabet) owns just under 80% of Nykredit Group, a Significant Financial Institution. www.Nykredit.dk
Eniig Energi A/S Energy trading, risk,- and hedge focus. http://www.eniig.dk
Eniig subsidiaries June 2015 – 2020 Eniig is a diversified commercial energy,- and broadband company.
The Danish Competition Council 1. July 2015 – present Appointed by the Danish Government. The seven members of the Council collectively represent deep knowledge of competition law,- and economics, practical commercial leadership experience and particular consumer insight. I represent practical commercial leadership experience. www.kfst.dk
Forsikring & Pension 2010 – 2014 The Danish Insurance Association. Main board
Finanssektorens Arbejdsgiverforening 2010 – 2014 The Danish Employers’ Association for the Financial Sector. Main board
Forsikringsakademiet (The Insurance Academy) / Rungsted­gaard (Conference Centre/Hotel) 2010 – 2014 Main board
Forsikringsselskabet Privatsikring A/S 2006 – 2014 Insurance Company, GWP DKK +600m. Subsidiary to Codan Forsikring A/S. Board member
Besigtelses Kontoret af 1914 A/S 2007 – 2014 Survey Association Ltd. Marine survey association. Subsidiary to Codan Forsikring A/S. Board member
Codan Ejendomme II A/S 2009 – 2014 Property and real estate company. Subsidiary to Codan A/S. Board member
Codan Fonden and Codan Koncernens Medarbejder Fond 2007 – 2014 Chair. Charitable foundations
Trekroner Forsikring A/S 2006 – 2011 Merged with Codan Forsikring A/S in 2011; (Insurance company GWP DKK +400m). Board member
Trygg-Hansa Försäkrings AB 2006 – 2009 Insurance company, GWP SEK +10bn. Board member
Codan Marine Services AS, Norway Marine insurance
Centre for Credit and Capital Market Law, Copenhagen Business School Advisory Board.

Operational Experience

RSA Insurance Group Plc (non-life insurance products to commercial lines and personal lines customers)
2006 – 31/12-2014
Member of the Board of Management and General Counsel in Codan A/S, the Scandinavian holding company for the RSA Scandinavian insurance businesses (revenues DKK 17bn with 4000 employees). Since 2010 CEO of the operating insurance entity in Denmark, Codan Forsikring A/S. Having completed two successful cross border mergers, I was offered a new executive position in the reorganisation that followed, but chose to say “job done”.

Committees: Capital Management Committee; Risk Committee; Investment Committee; Disclosure Committee; Solvency II; Cooperation Committee (unions).

Board of Management Codan A/S and CEO Codan Forsikring A/S (Fit & Proper Approved)

  • Accountable to the CEO of the Scandinavian business and the Codan Forsikring Board;
  • Representing the company towards the Regulators;
  • Representing the company in the Danish Industry;
  • People agenda, Cooperation Committee with the Unions, bridging cultures;
  • Other contributions: On the basis of holistic and detailed business grip worked actively with risk management, within insurance risk as well as operational risk. Focus on investment strategies, capital management and the application of individual risk based capital models (ISR/Solvency II). Focus on developing long term partnering with key affinity partners in the local market.
  • Leading the development of talent.
  • Extensive international leadership experience implementing governance frameworks in Italy, Ireland, Lithuania, Latvia, Estonia, Norway, Sweden, and Denmark. Focus on cross border collaboration and best practice sharing “the whole is greater than the sum of its parts”.

General Counsel of the Codan Group (RSA Scandinavia). Until 2011 Regional General Counsel for RSA’s International Businesses.
Corporate, Commercial and Governance:

  • Advising, assisting and representing the Codan Group Board, Board Committees and the Executive team on all legal issues and corporate governance matters.
  • Developing frameworks, analysing and solving complex corporate-, business-, legal and organisational issues with focus on company strategy and priority, and business viability.

Company Secretarial:

  • Advising on all aspects of corporate governance (and previously listing requirements); company reporting; disclosure and statutory reporting for the Annual Report; preparation of board minutes and reports, advising and assisting shareholders.
  • Building and managing the company secretarial function.

Dispute handling and Employment issues:

  • Handling all aspects on non-claims disputes and contingencies faced by the Codan Group.
  • Addressing regulatory investigations.

Risk and compliance:

  • Maintaining relationship and negotiations and formal procedures with regulators;
  • Identification, assessment, monitoring, reporting and management of legal risks.
Eversheds LLP
Lawyer and Partner at Eversheds LLP; Specialising in banking and finance. Build a banking and finance practise in the Danish market (key client partner) with a particular focus on bond issuances, securitization documentation, derivatives documentation, regulatory aspects of M&A activities within the sector, but also consultancy in relation to corporate governance and banking related litigation (High Court bar admittance – møderet for Landsret). Established a non profit network ‘Association for Banking and Finance’ which is still active.
Head of Legal at Forstædernes Bank A/S (now merged into Nykredit). Build a legal function in the bank from scratch, and year on year ranked no 1 in internal client satisfaction surveys among all support functions. Represented the bank in the Danish Bankers Association’s legal committee.
Law Firm
Trainee attorney at law at Thorsbøll & Nikolajsen.