Andersen to head DnB NOR Shanghai branch

Andersen to head DnB NOR Shanghai branch    DnB NOR, a Norwegian bank with deep ties to the shipping and energy sectors, has appointed Vidar Andersen to head its Shanghai branch.
   Andersen replaces Espen Lund who has returned to the bank's headquarters in Oslo after an eight-year stint as China country head.
   'China continues to be a very important market for the bank in terms of our overall growth strategy in Asia, and I wish to help to promote DnB NOR as a key player in Shanghai's plan to become the leading international financial center as well as an international shipping hub by 2020,' Andersen said in a statement.
   Andersen led the bank's corporate unit as vice president of the energy, trade and industry in Shanghai. DnB NOR started operations in China in 2005. Andersen started his career with DnB NOR in 2001 as a management trainee.