Danske Hires New CEO To Repair Image Amid AML Woes

Law360, London (May 10, 2019, 12:30 PM BST) -- Danske Bank said Friday it has appointed a new chief executive to steer it out of a major money laundering scandal that has attracted regulator scrutiny from several jurisdictions in Europe and the U.S.

Chris Vogelzang will take up the position at Danske Bank A/S on June 1, after a long stint on the management board of the Dutch lender ABN AMRO Bank NV. He replaces interim chief executive Jesper Nielsen, who will stay on in his role as head of banking and member of the executive board.

Vogelsang inherits a bank that is under criminal investigation in the U.S. by the...

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