On 30 September 2019, the Extraordinary Shareholders’ Meeting of Luminor Bank AS appointed Nadim El Gabbani, Johan Lilliehöök and Jerome Mourgue D'Algue as the new members of the bank’s Supervisory Council, effective the same day.
Nadim El Gabbani is a Senior Managing Director in the Private Equity Group of Blackstone. He has over 10 years of experience within the financial services industry through broad experience in private equity across multiple sectors in Europe and Asia Pacific.
Johan Lilliehook is a Managing Director in the Private Equity Group of Blackstone. He has over 10 years of private equity experience across Europe and Asia Pacific.
Jerome Mourgue D'Algue is the Head of EMEA in the Private Equity Department at the Abu Dhabi Investment Authority (“ADIA”). He is also in charge of the financial services sector globally and a Member of the Private Equity Executive Committee.
Luminor announced on 30 September 2019 the acquisition of a 60% majority stake in the bank by a consortium led by private equity funds managed by Blackstone. The consortium includes a wholly-owned subsidiary of ADIA, as well as other co-investors. Nordea Bank AB and DNB BANK ASA each retain a 20% equity stake in Luminor.