Norwegian financial services group DnB said Aberdeen was a natural point to continue the expansion of its international network. The group, the largest financial group in Norway, opened its new office in Aberdeen just over a month ago.
With corporate strengths in shipping, energy and seafood in the corporate market, there were obvious links and already a local customer base.
Bente Fladmark and Scot Kendal Milne have been leading the move into Aberdeen.
Ms Fladmark said: “Our customers have been looking for us to have a presence here for some time but we have been cautious over the last few years in view of the global financial crisis.
“Both the Norwegian economy and DnB have come through the crisis in relatively good shape and this has given us the confidence that we will be able to bring a welcome new dimension to the local Aberdeen banking market.”
Existing clients include Scottish-parented businesses, some with Norwegian subsidiaries, Norwegian-parented businesses with operations in Scotland and internationally-owned businesses, like Technip and NOV, with substantial operations in Aberdeen and Norway and who look to DnB for banking needs on both sides of the North Sea.
Mr Milne said: “Many Aberdeen businesses are related to the energy sector and are following their industry links to move into their closest international market (Norway).
“Norway, however, is not an easy market for UK businesses to crack and we can help by introducing colleagues from our extensive Norwegian network who can give local guidance.”
Ms Fladmark added: “In addition the seafood links are extremely strong with Norwegian companies owning fish farming and processing operations across Scotland. Through this we are involved with most of the UK salmon farming industry.”
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