SpaBol’s parent banks in the SpareBank 1 Alliance are together Norway's second largest financial institution. The banks pursue their covered bond funding jointly through their wholly owned SparBank 1 Boligkreditt subsidiary, a specialist covered bond issuer, which is also a frequent issuer of covered bonds. Eivind joined SpareBank 1 in his current role in 2011 and worked previously at Citigroup Global Markets. Eivind is a graduate of Germany's Mannheim University Business School and is also a CFA charter holder. He is mainly responsible for investor relations and is also the chief financial officer at SpareBank 1 Boligkreditt.
Steven Simonsen is Boligkreditt's Chief Legal Officer, and his responsibilities include the legal aspects of the GMTCN programme, ISDA documentation and other documents connected with transactions and the Issuer as such.
Steven joined SpareBank 1 in 1996, and has worked with Boligkreditt since the early planning stage in 2003 with regards to a SpareBank 1 covered bond issuer. Steven was also directly involved in the process of drafting the Norwegian Covered Bond legislation which was approved by Parliament in 2007. Prior to 1996 Steven worked at the Norwegian FSA, (Finanstilsynet) and as a deputy judge. Steven holds a law degree from the University of Bergen (1991) (Cand. Juris).
SpareBank 1 Boligkreditt is a labelled covered bond issuer. Details of the label and information on SpareBank 1 outstanding covered bonds are available on the European Covered Bond Council (ECBC) covered bond label webpage: www.coveredbondlabel.com