Casper von Koskull, group CEO of Nordea, said: “We have found the ideal CFO for Nordea. Christopher has significant sector experience and a truly global perspective.

“Furthermore, he has a proven track record of driving top performing teams. The recent transformation completed in Markets speaks to Chris’s abilities to build for the future.”

While a replacement for Rees’s current role is sourced, Martin A. Persson, head of wholesale banking, will take on the interim role of head of markets. Christian Fink Karas, COO of Markets, will be interim deputy head of Markets.

Rees said: “I very much look forward to this challenge and to continuing the exciting journey to shape the future of Nordea in this new capacity.”