Hakon Hansen - DnB ASA Group Executive Vice President Wealth Management

DNB Stock  NOK 207.30  1.00  0.48%   

President

Mr. Hakon Hansen was Group Executive Vice President Wealth Management Insurance at DNB ASA since October 24, 2018. He has previously been Acting Group Executive Vice President Wealth Management Insurance since June 11, 2018. He has recently been Head of DNB Private Banking. Before that, he was Deputy CEO and head of DNB Luxembourg for ten years. Started his career in DNB in 1987 in what was then called Sparebanken Buskerud and thereafter Sparebanken NOR. He is Chairman of the Board of DNB Bank Luxembourg S.A. and DNB SICAV SIF and Deputy Board Member of Fremtind Forsikring AS. He graduated in Economics from BI Norwegian Business School. He also has Management Program in Financial Investments from the same institution. since 2019.
Age 57
Tenure 5 years
Phone47 91 50 48 00
Webhttps://www.dnb.no

DnB ASA Management Efficiency

DnB ASA's management efficiency ratios could be used to measure how well DnB ASA manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 541.91 B in total debt. Debt can assist DnB ASA until it has trouble settling it off, either with new capital or with free cash flow. So, DnB ASA's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like DnB ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for DnB to invest in growth at high rates of return. When we think about DnB ASA's use of debt, we should always consider it together with cash and equity.

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DNB Bank ASA provides financial services for retail and corporate customers in Norway. DNB Bank ASA was founded in 1822 and is headquartered in Oslo, Norway. DNB ASA operates under BanksRegional classification in Norway and is traded on Oslo Stock Exchange. It employs 8747 people. DnB ASA (DNB) is traded on Oslo Stock Exchange in Norway and employs 10,241 people.

Management Performance

DnB ASA Leadership Team

Elected by the shareholders, the DnB ASA's board of directors comprises two types of representatives: DnB ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DnB. The board's role is to monitor DnB ASA's management team and ensure that shareholders' interests are well served. DnB ASA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, DnB ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jarle Bergo, Independent Director
Rune Garborg, Executive Vice President Vipps and Payments
Maria Loevold, Group Services
Mirella Grant, Group Officer
Terje Turnes, Chief Risk Officer
Ingjerd Spiten, Group Executive Vice President Personal Banking
Kari Moen, Group Executive Vice President Products
Sverre Finstad, Director, Employee Representative
Alf Otterstad, Acting Group Executive Vice President IT
Rune Bjerke, Group CEO
Rasmus Figenschou, Acting Group Executive Vice President New Business
Rune Helland, Head of Investor Relations
KarlChristian Agerup, Independent Director
Trond Bentestuen, Group Executive Vice President Personal Banking Norway
Ingjed Spiten, Group Executive Vice President Personal Banking
Anne Moen, Group People
Alexander Opstad, Group Executive Vice President of DNB Markets
Hakon Hansen, Group Executive Vice President Wealth Management
Jaan Semlitsch, Independent Director
Jan Gjerland, Investor Relations Contact Officer
Liv Fiksdahl, Group Executive Vice President Information Technology and Operations
Ottar Ertzeid, Group Executive Vice President DNB Markets
Morten Opstad, Group Markets
Carl Lovvik, Director, Employee Representative
Harald SerckHanssen, Group Executive Vice President Large Corporates and International
Bjorn Naess, CFO
Tore Rimmereid, Independent Vice Chairman of the Board
Solveig Hellebust, Group Executive Vice President Human Resources
Ida Lerner, Group Executive Vice President Risk Management
Maria Lovold, Group Executive Vice President Technology & Services
Tom Rathke, Group Executive Vice President Wealth Management
Benedicte Fasmer, Group Executive Vice President Corporate Banking Norway
Kari BechMoen, Group Executive Vice President People
Anne Tanum, Independent Chairman of the Board
Kjerstin Braathen, Group Executive Vice President Corporate Banking Norway
Thomas Midteide, Group Executive Vice President Corporate Communications
Vigdis Mathisen, Director, Employee Representative
Mirella Wassiluk, Group Executive Vice President Compliance
Gro Bakstad, Independent Director
Jorunn Lovaas, Director, Employee Representative
Olaug Svarva, Independent Chairman of the Board
Berit Svendsen, Independent Director

DnB Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is DnB ASA a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with DnB ASA

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DnB ASA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DnB ASA will appreciate offsetting losses from the drop in the long position's value.

Moving against DnB Stock

  0.6GCC Gram Car CarriersPairCorr
  0.52VOW Vow ASAPairCorr
The ability to find closely correlated positions to DnB ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DnB ASA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DnB ASA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DnB ASA to buy it.
The correlation of DnB ASA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DnB ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DnB ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for DnB ASA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DnB ASA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the DnB ASA information on this page should be used as a complementary analysis to other DnB ASA's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

Complementary Tools for DnB Stock analysis

When running DnB ASA's price analysis, check to measure DnB ASA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DnB ASA is operating at the current time. Most of DnB ASA's value examination focuses on studying past and present price action to predict the probability of DnB ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DnB ASA's price. Additionally, you may evaluate how the addition of DnB ASA to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between DnB ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine if DnB ASA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DnB ASA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.