Danske Bank has named Berit Behring as its new wealth management head and an executive leadership team member.
Part of Danske Bank Sweden for 12 years, Behring has been the country manager for the previous two years.
She will continue in this role on an interim basis till a replacement is found.
Along with her duties as head of wealth management, Behring will also be responsible for the bank’s societal impact and sustainability activities along with Danske Bank Northern Ireland.
Besides, the bank will rename its executive board as the executive leadership team. Behring, along with the new CFO Stephan Engels, will join the team.
Engels most recently served as the CFO of Commerzbank, a role he held for seven years.
He will assume the responsibility at Danske Bank in April next year, replacing Christian Baltzer who has held the role since last year.
Jacob Aarup-Andersen, the former head of wealth management at Danske Bank, will be the interim CFO till Engels commences his role.
After that, Aarup-Andersen will become the head of banking activities in Denmark.
Meanwhile, executive board members Frederik Gjessing Vinten, Christian Baltzer and Jim Ditmore will resign.
In an attempt to simplify operations, the bank also dissolved its Group Development wing.
Jim Ditmore, the present COO (head of group services and group IT) stepped down.
The bank already started the recruitment process for Ditmore’s successor. Till then, CEO Chris Vogelzang will manage the responsibility.
Additionally, Danske Bank has now moved its private banking activities into its banking units. Private banking was previously part of the bank’s wealth management arm.