AMWatch

Danish regulator spurns Danske Bank's head of wealth management

Jacob Aarup-Andersen, Danske Bank's first choice as its new CEO, has been unofficially rejected by the Danish financial regulator -- a decision that comes as no surprise to observers. But the bank's head of wealth management may yet be in the loop for the top role in the future.

Jacob Aarup-Andersen was rejected by the financial regulator to become CEO of Danske Bank. | Photo: DANICA

Danske Bank's application to appoint its next CEO has been denied. The decision is controversial, but not surprising.

According to AMWatch's sister site, FinansWatch, Danske Bank's board of directors notified the financial regulator of its intention to promote its head of wealth management, forty-year-old Jacob Aarup-Andersen, to the role of CEO.

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