openPR Logo
Press release

direct/ Landsbanki Islands (UK) - Landsbanki to open a Branch in Helsinki

06-01-2007 03:24 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Landsbanki Islands

Pertti Ijäs named Head of Landsbanki Helsinki Branch

Landsbanki has decided to open a new branch in Finland this fall and aims to begin operations on 1 August. The bank has already engaged the services of a group of professionals with extensive experience in the Finnish financial sector. They will form the backbone of the branch´s operations.

The branch will initially focus on using Landsbanki´s UK and Continental Europe reach to offer research driven equity brokerage services to Finnish and international investors. Finnish investors will be offered access to European equity markets through the intermediation of Landsbanki´s brokerage network and similarly the Landsbanki network will be enhanced by offering Finnish equities to European and North American clients.

Pertti Ijäs will head the Helsinki Branch. Olli Kähkönen will serve as head of research. Landsbanki has also secured the services of Jukka-Pekka Eilittä, Jukka Parkkinen, Mikka Ruuhonen, Tommi Degerman, Robin Santavirta, Artem Beletski and Lauri Saarela. All of them previously worked for the Finnish financial enterprise FIM.

The Helsinki Branch is Landsbanki´s second in Scandinavia. The bank has recently opened a corporate banking branch in Oslo, Norway. The Helsinki Branch will therefore be the first in Scandinavia to focus on brokerage services. It will form part of Landsbanki´s network of brokerages in Europe which today includes around 100 analysts covering almost 900 European companies.

"The opening of a branch in Finland begins a new chapter in the bank´s expansion, as up until now we have focused primarily on Continental Europe and the UK. We have, however, been keeping an eye open for good opportunities in the Nordic countries. In our estimation Finland is a fine location from which to begin our securities operations in the region. The team we have set up has plenty of experience behind it, plus good connections in Finnish financial circles, which will make a solid foundation for our activities in Helsinki," explains Sigurjón Þ. Árnason, Landsbanki´s CEO.

For further information contact:
Landsbanki´s CEOs Sigurjón Th. Árnason, Tel. +354 410-4009 / +354 898 0177 and Halldór J. Kristjánsson, Tel. +354 410 4015 / +354 820 6399 or Steinthor Gunnarsson, Head of Landsbanki´s Securities Brokerage, tel: +354 821 2088.
Media Relations - Andrew Walton, Financial Dynamics, tel: +44 20 7269 7204 / mob: +44 7711 264 157.

About Landsbanki
Landsbanki was founded in 1886 in Iceland. It is the leading provider of financial services in the Icelandic markets. The majority of its revenues now originate outside its domestic markets. Landsbanki is one of the ten largest banks in Scandinavia measured by market cap. It provides its clients with reliable and pro-active corporate and investment banking services across Europe.

Landsbanki´s growth in recent years has been primarily organic, based upon strategically acquired platforms in the UK, Ireland and Continental Europe. As a result Landsbanki now has operations in 16 countries, including all the major European financial centres including Amsterdam, Frankfurt, London, Luxembourg, Madrid, Milan, Paris and Zürich. It has some of the most extensive research coverage of European stocks, covering close to 900 companies locally.

Landsbanki´s acquisition during the past two years of established securities brokers is a key aspect of its strategy of establishing a leading investment bank focusing on European mid-cap companies. Most recently, the bank added to its UK coverage by acquiring the securities broker and investment bank Bridgewell. The acquisition places Landsbanki at the leading edge in mid-cap securities brokerage in the UK. Bridgewell´s activities will be merged with those of Teather & Greenwood, Landsbanki´s previous UK broker subsidiary, under the name of Landsbanki Securities UK. The merged company, together with Landsbanki´s London Branch, will form one of the most dynamic investment banking operations in the UK, offering customers a full slate of financial advisory services.

Landsbanki also offers asset management and private banking services at various European locations. In the UK it operates Icesave, an online savings product that has now attracted over 80,000 account holders, whose deposits exceed GBP 3 billion.

Landsbanki has a market cap of EUR 4.3 billion and total assets of approximately EUR 26.4 billion. The bank´s after-tax profit in 2006 amounted to EUR 444 million. In 2006 the majority of the bank´s income was generated outside Iceland. Landsbanki currently has around 2,300 employees.

The announcement distributed by directnews.
The issuer is solely responsible for the content of this announcement.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release direct/ Landsbanki Islands (UK) - Landsbanki to open a Branch in Helsinki here

News-ID: 21537 • Views: 1204

More Releases from Landsbanki Islands

direct/ Landsbanki Islands - Landsbanki presents Q4 2007 financial results on 28 …
Landsbanki will announce its full year financial results after market closing on Monday, 28 January 2008. Presentation in London 29 January Mr Sigurjón Þ. Árnason and Mr Halldór J. Kristjánsson, joint CEOs of Landsbanki, will present Landsbanki´s Q4 2007 results to analysts and investors, followed by a Q&A session. Conducted in English, the presentation will be available live on www.landsbanki.com, where relevant data and presentation material will be posted simultaneously.
direct/ Landsbanki Islands - Landsbanki Well Positioned to Pursue Strategic Obje …
As Landsbanki has previously stated, the diversification of its international operations is a clear strategic priority. The ultimate aim of this strategy is to achieve a broad sectoral and geographical diversification of assets, funding and income through the addition of value enhancing complementary businesses. Landsbanki and Cenkos today announced the commencement of discussions with the management of Close Brothers Group plc for the possible submission of a recommended takeover bid
direct/ Landsbanki Islands - Fitch affirms Landsbanki at ´A´ with stable outlo …
Fitch Ratings has today affirmed Iceland-based Landsbanki Islands´ (Landsbanki) ratings at Long-term Issuer Default (IDR) ´A´, Short-term IDR ´F1´, Individual ´B/C´, Support ´2´ and Support Rating Floor ´BBB´. The Outlook for the Long-term IDR is Stable. In their statement, Fitch marks that the ratings reflect Landsbanki´s leading position in its domestic market, the growing diversification of its earnings, its prudent provisioning policies, comfortable capitalisation and marked improvement in its funding
direct/ Landsbanki Islands - Landsbanki Opens an Office in Hong Kong
Landsbanki formally opened its latest overseas office, after receiving authorisation from the financial regulator in Hong Kong, the Hong Kong Monetary Authority, to open an establishment in the country. Landsbanki already has valuable connections in this market, as witnessed by the over 500 guests, mainly business and financial executives in Hong Kong, attending the official reception. After opening this new office Landsbanki operates in 17 countries. Landsbanki´s Hong Kong office

All 5 Releases


More Releases for Europe

Strategy Consulting Market 2025 | Analysis By Top Key Players: Booz & Co. , Rola …
Global Strategy Consulting Market 2019-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The key players covered in this study McKinsey , The Boston Consulting Group , Bain & Company , Booz & Co. , Roland Berger Europe
Influenza Vaccination Market Global Forecast 2018-25 Estimated with Top Key Play …
UpMarketResearch published an exclusive report on “Influenza Vaccination market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 115 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Influenza Vaccination market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This
Global Strategy Consulting Market Research Report 2018-2025 | Global Key Player …
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Global Strategy Consulting Market Size, Status and Forecast 2018-2025” which provides an outlook for current market value as well as the expected growth of Strategy Consulting during 2018-2025. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export
Strategy Consulting Market Deep Insights with Core Business Strategies 2018 - Ro …
Strategy Consulting Market report provides a vital recent industry data which covers in general market situation along with future scenario for industry around the Globe. It also consist of major data along with forecasts of a global market along with clear presentation of diagrams (charts and tables). Global strategy consulting market size status and forecast 2025 has a vast collection of market research reports concerning the software industry, its sub-sectors, and
Wearable Heart Monitoring Devices Market 2018 To 2023 – Top Leaders Beurer Gmb …
The Worldwide Wearable Heart Monitoring Devices Market is growing at a healthy rate. The major players in this market are Medtronic (U.S.), Kinetec Products UK Ltd. (South America), Beurer GmbH (Europe), Medisana AG (Europe), Briggs Healthcare (U.S.), Polar Electro (Europe), SUUNTO (Europe), Koninklijke Philips N.V. (Europe), Garmin Ltd. (Europe) and others. The Wolrdwide Wearable Heart Monitoring devices is segmented on the basis of products, type, application, and end users. On
Surgical Equipment Market 2018 Leading Manufacturer in Europe, the Middle East & …
The Europe, the Middle East & Africa Surgical Equipment Market is expected to grow at an approximate CAGR of 6.7% during the forecast period. A surgical equipment is a designed tool or device to carry out various surgical procedures so as to modifying biological tissues and to provide access for viewing them. The surgical equipment can be designed specifically for a particular surgery or it can be used as general purpose