Group Management

Management team

Lars-Åke Norling

CEO

More about Lars-Åke

Lars-Åke Norling

CEO

Lars-Åke was born in 1968. He joined Nordnet in 2019. Lars-Åke holds a MBA in Business Administration from University of Gothenburg. He has previously worked as Investment Director and sector head TMT at Kinnevik. Lars-Åke has more than 20 years of experience from companies in technology, media and telecom (TMT). Before that, he has among others, been the CEO of Telenor Sweden.

Anders Skar

Country manager Norway

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Anders Skar

Country manager Norway

Anders was born in 1976. He joined Nordnet in 2005. Anders holds an MBA from the Norwegian School of Economics. Anders previously worked at Accenture.

Anne Buchardt

Country manager Denmark

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Anne Buchardt

Country manager Denmark

Anne was born in 1969 and joined Nordnet in 2018. She has a degree in economics from University of Copenhagen. Anne has more than 20 years of experience in the financial industry. She has most recently worked at Nordea, where she has held several leading roles in the Wealth Management unit, most recently as Nordic responsible for financial advisory services to private individuals.

Carina Tovi

Chief Operations Officer

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Carina Tovi

Chief Operations Officer

Carina was born in 1965. She joined Nordnet in 2011. Carina has a MSc in Business and Economics from the Stockholm School of Economics. She was formerly employed by Swedbank Robur Fonder, among others.

Johan Tidestad

Chief Communications Officer

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Johan Tidestad

Chief Communications Officer

Johan was born in 1968. He joined Nordnet in 2007. Johan has a Master of Laws from Uppsala University. He was formerly employed by Bergsgård Petersson Fonder AB and E-Trade Sverige.

Lennart Krän

Chief Financial Officer

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Lennart Krän

Chief Financial Officer

Lennart was born in 1965 and joined Nordnet in 2019. He has a MSc in Business and Economics from Stockholm University. Lennart is a partner at FCG Business Consulting and has extensive experience within the financial services sector including former CFO of SBAB and Salus Ansvar.

Martin Ringberg

Country manager Sweden

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Martin Ringberg

Country manager Sweden

Martin was born in 1976. He joined Nordnet in 2017. He was formerly employed by SEB, where he had several roles in savings and investments focusing on sales.

Rasmus Järborg

Chief Product Officer

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Rasmus Järborg

Chief Product Officer

Rasmus was born in 1976 and joined Nordnet in 2018. He has a Master of Science in Business and Economics from the Stockholm School of Economics (SSE). Rasmus was formerly employed by SEB, where he has had several leading roles, most recently as Chief Strategy Officer and responsible for the bank’s digitalization and digital channels. He has previously also worked at the global investment bank UBS in London.

Ronnie Bodinger

Chief Technology Officer

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Ronnie Bodinger

Chief Technology Officer

Ronnie was born in 1973. He joined Nordnet in 2018. Ronnie has a long background in the area of digital banking, and started the online broker hq.se in the nineties which later on became Avanza. Ronnie worked as a CTO at Avanza until 2014. He has mostly recently worked as a CIO at MTG and Cabonline.

Suvi Tuppurainen

Country manager Finland

More about Suvi

Suvi Tuppurainen

Country manager Finland

Suvi was born in 1976. She joined Nordnet in 2010. Suvi has a MSc in Economics from University of Tampere, Finland. She has worked in financial sector since 1998 and was formerly employed by eQ Bank.

CEO and Group Management function

The CEO manages operations within the guidelines and instructions established by the Board. The applicable instruction for the CEO was adopted by the Board on 21 March 2018. The CEO is responsible for compliance with the objectives, policies and strategic plans for the company by the Board. The CEO also produces the requisite information for following the company’s position, earnings, liquidity and development in general, necessary information and decision basis prior to Board meetings, presents issues and justifies proposals for decisions.

The CEO leads the work of the Group Management team and makes decisions in consultation with other members of management. Group Management holds regular meetings at which both strategic and operational issues are discussed. In addition, Group management produces business plans each year, which are followed up via monthly reports. Group management consists of managers of essential business areas within the Nordnet Group.

Remuneration and benefits

The Boards of Nordnet AB (publ), Nordnet Bank AB, Nordnet Pensionsförsäkring AB and Nordnet Livsforsikring AS have, in accordance with established requirements, adopted a remuneration policy in order to establish a compensation system in each company that promotes fair and effective risk management and prevents an excessive risk taking.

Remuneration issues are prepared by each company’s board or, if applicable, the remuneration committee and later approved by each company’s board of directors. Each company’s board analyses all the risks which the Company is or may be exposed to, including the risks associated with the current remuneration policy. Based on the analysis the respective board identifies which employees are deemed to be employees whose work has a significant impact the company’s risk profile or staff that could affect the company’s risk level. Latest admitted analysis can be found here:

Redogörelse för Nordnets ersättningssystem och analys av risker förenade med ersättningssystemet (In Swedish) updated 20 March 2020.

Remuneration and benefits to the CEO and other members of the management team is made up of a fixed amount, pension and other benefits.

Fixed

Fixed remuneration is individual and takes into consideration the individual executive’s areas of responsibility, experience, performance and results achieved. Nordnet is a valuation-governed company, which is why performance is also valued in relation to the company’s values.

Fixed remuneration of the current CEO Lars-Åke Norling amounted to SEK 437,500 per month as of 1 September 2019. Fixed remuneration of the former Acting CEO Anders Danielsson amounted to SEK 416,667 per month (416,667) until 31 August 2019. For more information, see Note 12.

Pension

With the exception of the CEO (see below), the Company has the same policy on pensions for the members of the Company management as for other employees. The pension scheme is a defined contribution plan. The premium for occupational pension insurance is based on age, salary and the basic amounts set out in the prevailing premium plan. For members of Company management who are not resident in Sweden, local rules leading to a pension under the same conditions are applied. The same policy should be applied to future pension commitments.

Pension contributions for the CEO are equivalent to 35 percent of base salary. Regarding pension costs, see the Annual Report for fiscal year 2019.

Other

There are no special benefits for senior executives except for paid medical insurance. All employees have the opportunity to lease a car at cost.

Notice and severance pay

The members of the Company management has between three and nine months’ notice period. During the period of notice, salary and other terms of employment continue to apply. The period of notice for former acting CEO Anders Danielsson was a mutual period of one month by both the company and Anders Danielsson. The period of notice for current CEO Lars-Åke Norling is 12 months’ notice by the company and six months’ notice by the CEO.