Danske Bank A/S named Jesper Nielsen its head of personal banking, as Denmark’s largest lender reshuffles its management after creating a $200 billion wealth management unit.

Jesper Nielsen
Jesper Nielsen
Source: Danske Bank

Nielsen, 47, will be responsible for all of Danske’s personal customer business in the Nordic region from Oct. 1 , the Copenhagen-based bank said in a statement on Monday. Nielsen, who will also become a member of Danske’s executive board, is being promoted from a position as head of business development at the personal banking unit.

Nielsen takes over the position from Tonny Thierry Andersen, who earlier this year became chief of the wealth unit, which is a combination of several divisions including Danske’s pension business.

“In recent years, Personal Banking has seen a very positive trend with higher
customer satisfaction and improved financial results,” Chief Executive Officer Thomas Borgen said in the statement. Nielsen’s task will be to “continue the positive development and focus on Danske Bank becoming an even more customer-centric, simple and efficient bank.”

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