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Banking

Danske Bank fires head of Danish banking activities

cde.news desk · 1 min read
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epa06996513 Danske Bank branch in Tallinn, Estonia, 03 August 2018 (reissued 04 September 2018). The Financial Times reports citing a report by consultancy company Promontory Financial on 04 September 2018, some 8.3 billion USD of Russian and former Soviet Union origin may have been transferred through the Estonian branch of Danske Bank between 2007 and 2015, with a peak period for most transactions of up to 30 billion USD taking place in just one year, 2013. Estonian Prosecutor General Lavly Perling on 31 July said police had launched a criminal investigation on Danske Bank over money laundering allegations. Danske Bank Estonia branch is alleged to have been involved in money laundering between 2007 and 2015. EPA-EFE/VALDA KALNINA

 

Danske Bank said on Monday announced it had dismissed the head of its Danish banking activities, Jesper Nielsen

Nielsen was also the bank’s former interim chief executive. His dismissal follows complaints  that customers paid fees that were too high for an investment product.

“He was at the time one of the responsible Executive Board members who did not to a sufficient degree ensure that the Flexinvest Fri product was suitable for the bank’s customers. Therefore, we find that Jesper cannot continue in his position,” Chairman Karsten Dybvad said in a statement.

Until a replacement has been found, Glenn Söderholm, Member of the Executive Board and in charge of the banking activities in Norway, Sweden and Finland, will also take responsibility for the banking activities in Denmark.

 

Via Nasdaq/Reuters

Filed under Banking
Topics Danske BankDenmark

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