Denmark regulator rejects Danske Bank's CEO proposal

Wednesday, 17. October 2018 11:28

Danish Financial Supervisory Authority (FSA) rejected Danske Bank board's proposal for Jacob Aarup-Andersen, the bank's former chief financial officer, to become the next chief executive officer, the Financial Times reported on Wednesday. The bank's former CEO Thomas Borgen resigned last month amid an alleged $200 billion money laundering scandal which led to a United States Department of Justice criminal investigation.

Denmark's financial regulator said Danske needs a new chief executive officer with more experience "including within Danske Bank’s business areas." "The board has noted the FSA’s reply. The board is in dialogue with other potential candidates and will now continue the recruitment process in order to find the best possible person for the position," Danske Bank board chairman Ole Andersen stated.

Danske Bank shares lost 1.70% at 11:27 am CET.

Related Links: Danske Bank A/S
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