Jae Kwon named new head of Corporate Finance in DnB NOR Markets, Inc.

DnB NOR Markets, Inc., the U.S. investment banking unit of DnB NOR Bank ASA, has named Jae Kwon as Managing Director and head of its Corporate Finance Group.

"We are very excited to have Jae joining our team," says Ted Jadick, Managing Director and CEO of DnB NOR Markets, Inc. "We are highly focused on creating value for our clients by providing a full range of investment banking services, including merger and acquisition advisory services and access to the U.S. equity and debt capital markets, and are confident that Jae's extensive investment banking and maritime experience will help us to achieve this goal."

"We are very pleased that Jae will become a part of our global investment banking efforts towards the maritime, oil service and energy sectors," says Bern Blikstad, global head of the Transportation & Maritime Industries Group in DnB NOR Markets. "His background and experience will absolutely strengthen our execution capabilities and profile in the market."

Prior to joining DnB NOR Markets, Inc., Jae has spent the past seven years at UBS Investment Bank, most recently as an Executive Director in the transportation sector. He began his career at Deloitte & Touche, where he worked as a senior accountant for over four years in both the Audit and M&A Transaction Services Group.

Jae graduated cum laude from Claremont McKenna College with a bachelor's degree in Economics and Chemistry. He also holds a Master of Business Administration degree from Cornell University's Johnson Graduate School of Management.

DnB NOR Bank ASA is a global financial services group and a leading institution in serving the international maritime, oil service and energy sectors. DnB NOR Markets is the bank's investment banking arm and is Norway's largest capital markets intermediary offering a complete range of investment banking products and services. DnB NOR Markets, Inc. is a registered broker/dealer in the United States providing advisory as well as full equity and debt capital markets services to the bank's clients in the maritime, oil service and energy sectors as well as assisting other DnB NOR clients with their U.S. investment banking needs.

Contact:
Ted Jadick, Managing Director & CEO, DnB NOR Markets, Inc., +1 212-551-9801

Bern Blikstad, global head, Transportation & Maritime Industries Group,
DnB NOR Markets, +47 22 948134