Danish FSA takes tough stance on asset manager

Danish asset manager Fondsmæglerselskabet Investeringsrådgivning A/S, which recently appointed a new CEO, has been given several direct orders from the Danish FSA. The financial supervisory authority finds that the company's compliance function is lacking necessary resources. 

CIO Christian Klarskov and CEO Peter Kubicki from Investeringsrådgivning A/S. | Photo: Niels Hougaard.

A relatively unknown Danish asset manager Fondsmæglerselskabet InvesteringsRådgivning A/S recently appointed former SEB executive Peter Kubicki as its new chief executive.

He is likely to be dealing with the portfolio manager's handling of investor protection as one of his very first tasks.

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