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Favourite for Danske Bank's top job may fail ECB's "fit and proper" rules

Jacob Aarup-Andersen, the current head of wealth management at Danske, could be the troubled group's next CEO, according to media reports. However, were the Danish bank domiciled in the eurozone, it is uncertain whether he would be approved by the currency bloc's supervisory authorities, according to European Central Bank guidelines.

Jacob Aarup-Andersen opfylder næppe ECB's krav til at blive godkendt som topchef i en eurozone-bank. | Photo: /ritzau/AP/Michael Probst

Since Thomas F. Borgen's resignation as CEO at Danske Bank, media reports have widely pegged Jacob Aarup-Andersen as the preferred candidate for the top executive role at Denmark's largest financial company.

The appointment of Aarup-Andersen in the top job requires a "fit and proper" assessment by the financial authorities, reports say.

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