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Issue #590 | Perishables | Mediterranean | Middle East | Africa Trade

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Peroshables

Mediterranean | Middle East | Africa Trade

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2014 Media Kit
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M&M Appoints New Member to Board of Directors

By: | at 04:57 PM | Liner Shipping  

Maritime and Merchant AS (to be renamed Maritime & Merchant Bank ASA), which was granted a banking license by The Financial Supervisory of Norway (FSAN) on the 28th of January for establishing a global bank dedicated solely to the shipping and offshore industries, has announced the appointment of Dagfinn Lunde to its Board of Directors.

“ I am extremely pleased to welcome Lunde to our Board,” said M&M’s Managing Director, Halvor Sveen. “M&M will benefit greatly from his significant experience in the shipping and financial services industry, as we explore new opportunities and develop our banking portfolio to advance M&M’s growth in the months ahead.”

M&M is confident that the addition of Lunde, a highly regarded industry leader, will yield new insights and provide highly valuable perspective to the bank’s strategies and initiatives.

“Lunde is an expert in global finance and shipping, facing enormous challenges in the wake of the financial crisis and due to increased lack of funding willingness by traditional lenders,” said Sveen.

Lunde brings more than 30 years experience gained from leadership roles at several leading shipping, banking and consulting companies. His international experience includes management positions within the Klaveness Group of Companies, DNC and DNB in Amsterdam, Luxembourg, Oslo and New York. He was INTERTANKO’s CEO for five years, prior to becoming a member of the Board of Managing Directors of DVB Bank SE and the Head of the Shipping and Offshore Division in DVB from to 2002 to end of 2013. Today he is an independent consultant, actively involved in Board Chair and Member positions within the shipping and offshore industry.

The addition of Lunde increases the number of M&M Directors to seven. M&M’s Board of Directors includes Endre Ording Sund, Henning Oldendorff, Arne Blystad, Klaus Kjærulff, Alex Nergaard and Pål Utvik.