Hans Christian Kjelsrud has quit as head of shipping at Nordea for rival lender SEB.

Kjelsrud will replace Bjarte Boe, who is believed to be taking up another post within the SEB system.

Mats Holmstrom, head of large corporates at SEB, said: “Hans Christian will be a most valuable addition to our team with his broad experience, extensive network and proven track record within Shipping & Offshore.”