AMWatch

Favourite for Danske Bank's top job may fail ECB's "fit and proper" rules

Jacob Aarup-Andersen, the current head of wealth management at Danske, could be the troubled group's next CEO, according to media reports. However, were the Danish bank domiciled in the eurozone, it is uncertain whether he would be approved by the currency bloc's supervisory authorities, according to European Central Bank guidelines.

Jacob Aarup-Andersen opfylder næppe ECB's krav til at blive godkendt som topchef i en eurozone-bank. | Photo: /ritzau/AP/Michael Probst

Since Thomas F. Borgen's resignation as CEO at Danske Bank, media reports have widely pegged Jacob Aarup-Andersen as the preferred candidate for the top executive role at Denmark's largest financial company.

The appointment of Aarup-Andersen in the top job requires a "fit and proper" assessment by the financial authorities, reports say.

Read the whole article

Get 14 days free access.
No credit card required.

  • 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

"We continue to see further growth in our Nordic book of business"

DECEMBER SERIES: What were the most important developments at some of the global asset managers present on the Nordic market in 2021, and what are their expectations for the coming year? AMWatch's December series is kicked off by Head of Nordics at State Street Global Advisors, Arnaud Bruyneel. 

The ESG market is controlled by a few big investors

Finland's largest investor holds 62 percent of shares of multi-trillion ETFs offered by iShares and 64 percent of Xtrackers' equivalent offering. Having a few investors dominating ownership in this way is not good for the vehicles' liquidity and could be a big challenge facing the sector.

Further reading

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch