ICELAND/NORWAY - Glitnir appoints new CEO

Lárus Welding has been appointed new CEO of Glitnir, after Bjarni Ármannsson, who has served as the bank´s CEO for the past 10 years. Welding has previously been managing director for Landsbanki´s London Branch since 2003. Welding joined Landsbanki in 2003 as general manager for the Landsbanki London branch, with operations primarily in corporate and investment banking. He started his career in Glitnir´s corporate banking division in 1999. Welding takes on responsibility for Glitnir´s 1,900 employees, with offices in 10 countries.