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Banker Bonus Curbs Hurting Talent Hunt, Danske Chairman Says

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Ole Andersen, the chairman of Danske Bank A/S, says limits on bonuses are making it difficult to recruit the most talented people.

Denmark’s 50 percent cap on variable pay as a proportion of fixed compensation is “a problem,” Andersen said in an interview in Copenhagen on Thursday. In the search for talent, such pay curbs make it difficult to match total compensation offered elsewhere without providing more in base pay, he said.