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