An Executive Committee (ExCo) has been established to further safeguard and enhance the commercial and customer-facing roles at the executive level. The ExCo also creates more synergy and efficiency among the Bank’s major business lines.

Composition

The ExCo consists of the three Nexent Bank Managing Board members (i.e. Managing Board ExCo members) and the division directors of Nexent Bank’s four main business lines and the Head of Technology & Digital Transformation (i.e. non-Managing Board ExCo members), namely:

• Head of Bank Relations and Supply Chain Finance
• Head of Retail Banking and Global Markets
• Head of Technology & Digital Transformation
• Head of Corporate Banking
• Head of Trade Finance

Tasks 

The main purpose of the ExCo is to function as a platform for information-sharing and constructive discussions in relation to the bank’s daily commercial business, its strategy and topics indirectly related to the bank’s business/strategy. The non-Managing Board members of the ExCo functionally and hierarchically report to the CEO, except for the Head of Technology & Digital Transformation who reports to the CFO. Through regular formal and informal meetings/updates and contacts, the Supervisory Board remains informed about the focus areas of the ExCo and all related developments.