Nordea seeks new CEO to accelerate revenue drive

Bloomberg

Beset by years of a lackluster results, Nordea Bank Abp is switching out its chief executive officer to find new momentum in its search of top-line growth.
The biggest Nordic bank announced that Casper von Koskull, 58, will retire by the end of next year, and could step aside even sooner as the search for a successor has started.
The person ultimately responsible for that search, Chairman Torbjorn Magnusson, said that the new CEO will need refocus the bank on customers to generate the expected revenue growth.
The Nordea that delivers is “a more offensive bank, it’s a bank that takes market share and increases profitability,” said Magnusson, who took over in March, picked from the ranks of Nordea’s main owner, Sampo Oyj.
Even so, he downplayed those expectations. “I don’t expect dramatic, quick growth,” he said. “I expect us to change to some growth.”
Nordea investors have been putting pressure on management to deliver more than just cost cuts.