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May 13, 2019updated 14 May 2019 11:14am

Danske Bank appoints former ABN Amro banker as new CEO

Beleaguered-lender Danske Bank has named Chris Vogelzang- a former employee of Dutch banking group ABN Amro – as its new CEO.

Vogelzang will assume the new role on 1 June 2019.

He will replace Jesper Nielsen, who has been heading the firm on an interim basis following the departure of Thomas Borgen over the scandal.

Danske Bank is recently under the scanner in multiple countries over suspicious transactions worth €200bn funnelled through its Estonian unit.

Nielsen will continue to serve as head of banking DK and as executive board member.

Vogelzang spent 17 years at ABN Amro.

He held various positions at the Dutch bank, latterly as the head of its global retail and private banking operations.

Since 2017, he held advisory roles at Boston Consulting Group and Blackstone.

He began his career at Shell.

Commenting on Vogelzang, Danske Bank chairman of the board of directors Karsten Dybvad said: “He has extensive leadership and commercial experience within banking and has throughout his career managed difficult challenges and delivered good results.

“This makes Chris Vogelzang well qualified to lead Danske Bank.

“We have a big task ahead of us in continuing to rebuild trust and at the same time developing our business in pace with customer expectations and the technological development to ensure that we remain a leading Nordic bank.”

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