Management changes in the Nykredit Group - Nykredit Realkredit A/S

Management Changes - Spar Nord Bank A/S is becoming part of the Nykredit Group, leading to changes in the boards of directors and executive managements of the companies within the group [1] - Lasse Nyby, the current CEO of Spar Nord Bank A/S, is proposed to join the Board of Directors of Nykredit Realkredit A/S and will be appointed Deputy Chairman of both Nykredit A/S and Nykredit Realkredit A/S [2][3] - Martin Kudsk Rasmussen will join the Group Executive Board of Nykredit Realkredit A/S, responsible for the entire Banking area within the Nykredit Group [5][6] Corporate Structure - Nykredit A/S and Nykredit Realkredit A/S serve as the ultimate parent companies in the Nykredit Group's corporate structure, with business activities primarily conducted through Nykredit Realkredit A/S [4] Strategic Direction - The integration of Spar Nord into the Nykredit Group aims to enhance customer ownership and market positioning, with a focus on continuing investments in partnerships [7] - The Group Chief Executive, Michael Rasmussen, emphasizes the importance of combining strengths from both banks to compete effectively with larger listed banks [8] Executive Management Changes - The new Board of Directors for Spar Nord Bank A/S is expected to include members from Nykredit Bank A/S, ensuring a unified executive management structure post-merger [10][11] - Changes in executive management will align the leadership of Nykredit Bank A/S and Spar Nord Bank A/S, with key members transitioning between the two [12][14] Future Outlook - The merger of Nykredit Bank A/S and Spar Nord Bank A/S is anticipated to take effect in spring 2026, with significant roles for Martin Kudsk Rasmussen and Carsten Levring Jakobsen in the new structure [13]