Former Danske Bank high-fliers band together to found investment rival

Last year, several senior staffers quit Danske Bank's asset management company, Danske Private Equity. A number of them have now started their own business in direct competition with their old employer, writes Inside Business.

Having left their jobs last year, a group of top ex-employees from part of the asset management arm of Denmark’s Danske Bank — Danske Private Equity (DPE) — have now joined forces to start a new fund called Sage Private Equity. They expect to raise DKK 4 billion (EUR 537 million), Inside Business reports.

Among these ex-DPE staffers is former leading partner John Danielsen and former senior partner Peter Thellufsen. Both resigned from DPE last year when Danske Bank made DPE a part of  Danske Bank Asset Management. Inside Business writes that the reorganisation sparked the resignations, because the DPE leaders had wanted their business to be more independent and to have competitive remuneration. 

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

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