Danske Bank Names Commerzbank's Stephan Engels as Chief Financial Officer
05 Septiembre 2019 - 02:39AM
Noticias Dow Jones
By Dominic Chopping
Danske Bank A/S (DANSKE.KO) on Thursday named Stephan Engels as
its new Chief Financial Officer, replacing Christian Baltzer who
will leave the bank, as the troubled lender shuffles its board room
amid accusations of a huge-money laundering scandal.
Stephan Engels has been CFO of Commerzbank AG (CBK.XE) since
2012 and is expected to take up his new position in April 2020.
Until that time, Danske's wealth management chief Jacob
Aarup-Andersen will act as CFO before moving to head up the bank's
Danish banking activities.
Danske is being investigated by authorities in Estonia, Denmark,
France and the U.S. over allegations that around $230 billion in
suspicious funds from Russia and other former Soviet states entered
Europe through its tiny branch in Estonia.
The bank said in conjunction with its second-quarter results
that no material developments regarding the money-laundering case
took place in the second quarter, but that it continues to have a
negative impact in terms of customer satisfaction and outflow among
retail customers in Denmark.
New Chief Executive Chris Vogelzang was appointed in May
following an eight-month search, after the money-laundering
revelations led to the previous CEO quitting.
In further management changes Thursday, Chief Operating Officer
Jim Ditmore will leave his position while Berit Behring has been
appointed head of wealth management. The search for a new COO is
underway, the bank said.
Danske is also dissolving its group development unit, with
activities in the unit transferring to other banking areas.
Frederik Gjessing Vinten, who heads the division, will leave the
bank in mid-November.
Write to Dominic Chopping at dominic.chopping@wsj.com;
@domchopping @WSJNordics
(END) Dow Jones Newswires
September 05, 2019 03:24 ET (07:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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