Mr. Denhof is a highly experienced senior executive having held various leadership positions at Citibank in emerging and developed markets including Singapore, UK, Turkey, Czech Republic and Spain. During his 25 years in the financial services industry, Mr. Denhof, among other things, planned and implemented the repositioning of consumer banks for sustainable growth and profitability, developed distribution channels, improved digital servicing capabilities and enhanced the value proposition for clients. Until receipt of the regulatory approval to serve as acting member of the Management Board, Mr. Denhof will act in his capacity as procurator.
Robert Senica will serve as deputy CEO going forward. Mr. Senica will focus on developing strategic alliances and partnerships across all Slovenian regions and will continue to oversee the corporate banking division. He will also remain responsible for corporate affairs, including relationships with key stakeholders.
Andrej Fatur, Chairman of Nova KBM’s Supervisory Board, states that the board is delighted to welcome John Denhof to Nova KBM. He explains that Mr. Denham brings the unique combination of entrepreneurial spirit, profound understanding of our industry and proven leadership that will be instrumental in transforming Nova KBM into the leading Slovenian bank. He also says that under the leadership of Mr. Senica the bank has already made substantial progress and has laid the foundation for a successful future. For the next step on this journey, the Supervisory Board has now complemented the bank’s Management Board by bringing in a diverse team of senior executives with international experience to work alongside the existing management team.
The Management Board of Nova KBM currently consists of 2 members, with Mr. Senica acting as President and Sabina Župec Kranjc as member. Once all the regulatory approvals are received, Nova KBM’s Management Board will consist of 5 members: Mr. Denhof (CEO), Mr. Senica (Deputy CEO), Ms. Župec Kranjc (Chief Financial Officer), Jon Locke (Chief Risk Officer) and Josef Gröblacher (Chief Operating Officer). Mr. Gröblacher and Mr. Locke already joined Nova KBM in September 2016 and October 2016, respectively, and are currently acting in their capacity as procurators until receipt of all regulatory approvals.
Despite the challenging macroeconomic and low interest rate environment in Europe, Nova KBM’s financial performance continues to improve. For the first half of 2016, Nova KBM reported a net profit of €36.2 million, while the net profit of the Nova KBM Group amounted to €29.3 million (based on unaudited results for the period). The Nova KBM Group remains strongly capitalized with a total capital adequacy ratio of 25.3% as of June 30, 2016. On October 26, 2016, Moody´s Investors Service upgraded Nova KBM´s Long-Term Deposit Rating to 'B2' from 'B3' with a positive outlook.
In pursuit of its stated strategy to transform Nova KBM into the leading Slovenian retail and corporate bank, Nova KBM’s Supervisory Board is pleased to announce the appointment of John Denhof as Group Chief Executive Officer (“CEO”). Mr. Denhof will complement the existing Management Board, subject to customary regulatory approval.
