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.

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