AMWatch

Headhunter asked to find replacement for Danica CEO

Danske Bank has hired a headhunter to search for a possible replacement for Danica CEO Per Klitgård. If he misses the acquisition of SEB Pension, he is most likely out, according to a Danish media.

Danske Bank has hired headhunting agency Spencer Stewart to look through the market for a replacement for Danica Pension's CEO Per Klitgård, Danish media Finans reports based on accounts from several independent sources in the financial sector. Finans writes that this is happening in connection with Danica’s long-time interest in buying SEB Pension. Danica has bid on the company, but has yet to bid high enough to really pique the Swedes’ interest.

According to Finans, Danica Pension's Board of Directors, led by Danske Bank executives Tonny Thierry Andersen and Jacob Aarup-Andersen, would like Per Klitgård to remain CEO of Danica Pension if the acquisition of SEB Pension is successful. This is mainly because Klitgård was previously CEO of SEB Pension. But, according to Finans's sources, if the SEB purchase fails, a quick replacement of Klitgård could happen, and the attitude among executive management at Danske Bank is allegedly that "Per Klitgård's management style does not fit into the modern Danske Bank." Press Officer at Danske Bank Wealth Management, Claes Lautrup Cunliffe, informs AMWatch that the bank does not wish to comment on Finans’s statements.

English Edit: Marie Honoré

Frontpage right now

Swedish pension fund proposes raising pensions awareness in parliament

Sweden's AP3 has come up with an idea that it says would let more Swedes know about their pension system. The government’s annual evaluation of the state pension buffer funds could be elevated into a public hearing about the whole system in the country’s parliament, the Riksdag, it says.

Lawyers call for Danish real estate bond comeback

The much-criticized financing concept that has been been left unexploited in Denmark since the financial crisis, has benefits that investors in Norway and Sweden can easily spot, says law firm Bech Bruun.

ATP venture fund VIA ranks second in Europe for equity returns

Sky-high returns on its investment in Nets have pushed the Danish-based equity fund VIA Equity to second place in a new Preqin ranking. Both in Europe and globally, the ATP and PFA-backed fund has a strong position in terms of returns thanks to a conservative investment strategy, the CEO says.

Latest People

Related articles

amwatch trialbanner.jpg

Latest news

Jobs

See all

See all

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch