Danske Unveils Sweeping Changes to Executive Management Team
- Changes include new CFO and new head of wealth management unit
- Reorganization follows departure of man at center of AML probe
Thomas F. Borgen, chief executive officer of Danske Bank A/S
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Danske Bank A/S unveiled a set of broad changes to its management team, replacing its head of wealth management and appointing a new finance chief as part of a plan it says will make its business more efficient.
The reorganization was announced just one day after Denmark’s biggest bank, which is based in Copenhagen, said an executive who had overseen operations connected to a money laundering investigation was stepping down.