DNB | Ottar Ertzeid quits DNB

Now DNB CEO Kjerstin Braathen gets a new woman in the management, when Ida Lerner becomes CFO.


Ottar Ertzeid leaves DNB, at his own request, after 32 years of employment in the group. For 18 years he led Norway’s largest brokerage house, DNB Markets, and for the past two years has been CFO (CFO).

His successor will be Ida Lerner, who will start work on 1 November.

– When Ottar wants to move to another working life, I am very happy that Ida takes on this exciting task, says CEO Kjerstin Braathen in a stock exchange announcement on Monday morning.

– She has extensive insight into DNB’s operations, risk, strategy and financial situation. For several years, Ida has distinguished herself as a strong and courageous leader, who has everything needed to fill the role of CFO, points out the DNB manager.

It is historic that there are two women in DNB who are CEO and CFO at the same time.

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– Strong financial results

DNB writes in the stock exchange announcement that Ida Lerner has 14 years of experience from DNB, and has for the past four years been Executive Vice President with responsibility for Risk Management. She has previously led DNB CEMEA (Central Europe, Middle East and Africa) in London, and also has experience from Large Corporate Banking at HSBC and as a stockbroker at Nordea.

– I look forward to starting in a new role. DNB is one of Europe’s most solid banks, and is one of the few banks that has delivered on dividend policy even in recent demanding years. I take over the CFO responsibility in a bank with strong financial results and solid portfolio quality, says Lerner.

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Will do something else

Ertzeid will continue as an advisor within M&A (mergers and acquisitions) in DNB until the spring of 2022. After that, he will take on other tasks outside the major bank.

– I want to use the remaining years in working life to utilize my skills in a freer role such as board positions. In addition, I want to be more active in the securities market with my own funds. These wishes can not be combined with the current role as CFO, says Ottar Ertzeid in the stock exchange announcement.

– I am grateful and privileged to have had a fantastic career in DNB. Therefore, it has been a difficult decision to leave exciting tasks and good colleagues. I fully believe in the bank’s financial and strategic position, he points out.


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