Earnings must improve Earnings must improve

From 1 January 2011, Henrik Ramlau-Hansen is the new Danske Bank Group CFO. But while doing his job as CEO of Danica Pension, he has already started on his tasks in Group Finance too. And he has no doubt about what to focus on.

"The level of our earnings must be raised, and we can do this is by lowering provisions, continuing our tight cost control and increasing growth.

Photo of Henrik Ramlau-Hansen We must also grow other business areas which generate fee income and do not bind capital in the same way as conventional banking business."

Crisis experience
As a qualified actuary, and with a doctor’s degree in actuarial mathematics, his background as a CFO is unusual. But Ramlau-Hansen believes a new perspective can be an advantage and he looks forward to the new challenges, including getting the Group through the financial crisis.

As CEO, he has steered Danica Pension, a subsidiary of the Danske Bank Group, safely through both the crisis in 2001 and the current financial crisis. So the prospect of being in charge of the Group’s finances does not scare him.



Broad knowledge

"I am very interested in the technical aspects of finance, and I am looking forward to learning more from within the Group about how the entire Group operates” Ramlau-Hansen says. “The Group’s finance function is already extremely well run, and I can learn a lot from the staff. With my seat on the Executive Board, I will also enhance my knowledge about the Group’s other business areas."

Capital optimisation
One of the first things Ramlau-Hansen will look at is how to make best use of the Group’s capital. "Next, I look forward to liaising with the business units about how they can increase their profits," he says.

Communication
Another important task will be to implement the new regulations regarding capital and liquidity.

But the new CFO has not been chosen only because of his number crushing competencies. He is used to communicating with both customers and the press, and he wants an open dialogue. One of places to put this into practise will be at the press conferences about the Group’s financial statements.

Published on November 4, 2010

Quotes about Henrik Ramlau-HansenQuotes about Henrik Ramlau-Hansen

Peter Straarup, Chairman of the Executive Board
"Henrik Ramlau-Hansen’s competencies within strategy, analysis and risk management provide a strong base for being  CFO and a member of the Executive Board of the Danske Bank Group."
Tonny Thierry Andersen, Member of the Executive Board

"The bandwidth of Henrik Ramlau-Hansen’s intelligence is very large and a good starting point for his new job because of the increasing complexity within risk management and other areas. His foundation for becoming a good CFO is very solid."

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Information about financial statements