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
