AMWatch

Headhunter asked to find replacement for Danica CEO

Danske Bank has hired a headhunter to search for a possible replacement for Danica CEO Per Klitgård. If he misses the acquisition of SEB Pension, he is most likely out, according to a Danish media.

Photo: PR

Danske Bank has hired headhunting agency Spencer Stewart to look through the market for a replacement for Danica Pension's CEO Per Klitgård, Danish media Finans reports based on accounts from several independent sources in the financial sector. Finans writes that this is happening in connection with Danica’s long-time interest in buying SEB Pension. Danica has bid on the company, but has yet to bid high enough to really pique the Swedes’ interest.

According to Finans, Danica Pension's Board of Directors, led by Danske Bank executives Tonny Thierry Andersen and Jacob Aarup-Andersen, would like Per Klitgård to remain CEO of Danica Pension if the acquisition of SEB Pension is successful. This is mainly because Klitgård was previously CEO of SEB Pension. But, according to Finans's sources, if the SEB purchase fails, a quick replacement of Klitgård could happen, and the attitude among executive management at Danske Bank is allegedly that "Per Klitgård's management style does not fit into the modern Danske Bank." Press Officer at Danske Bank Wealth Management, Claes Lautrup Cunliffe, informs AMWatch that the bank does not wish to comment on Finans’s statements.

English Edit: Marie Honoré

More from AMWatch

Velliv dives into fintech venture

Collaboration with Upfin, the first venture fund dedicated to targeting Danish fintech companies, will give Velliv access to fintech investments also in the Nordics.

Oil services investments and inflows help BankInvest in Q1

Net inflows have exceeded expectations at BankInvest in Q1. The EUR 20bn manager has been criticized for some of the investments in its sustainable flagship product, but CEO Lars Bo Bertram is proud that the EUR 12bn fund has managed to beat its benchmark despite massive gains for oil and gas.

Further reading

Latest news

AMWatch job

See all jobs

See all jobs

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch