Danske Bank's wealth management chief quits

The head of Danske Bank's Wealth Management unit, Tonny Thierry Andersen, has decided to leave the bank following a management reshuffle. The 53-year old manager says he declined a unspecified senior management position.

Danske Bank's Tonny Thierry Andersen.

Tonny Thierry Andersen, 53, joined Danske Bank back in 1999, and was named Chief Financial Officer in 2003. In 2010 he became head of the Danish banking activities, and then took over as head of Nordic Personal Banking in 2012 -- before being named head of the bank's new Wealth Management unit in 2016.

That job, which includes responsibility for the bank's asset management unit, Danske Capital; pension unit, Danica Pension, and private banking activities, is now going to Danske Bank's current Chief Financial Officer, 40-year old Jacob Aarup-Andersen. Aarup-Andersen was previously CFO at Danica Pension, and prior to that worked as a portfolio manager at Danica and at some London-based hedge funds.

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