Danske Bank Hires Investment Head for $200 Billion Wealth Unit

Danske Bank A/S hired a new director for its wealth management unit as Denmark’s biggest bank steps up its focus on areas outside traditional lending to cope with years of negative interest rates.

The Copenhagen-based bank recruited Henrik Gade Jepsen, 53, from ATP, the largest Danish pension fund, to oversee asset management at its wealth unit from Aug. 1.