In 2015, Danske Bank's internal compliance division warned the bank's management of a breach of regulation on proper customer counseling when advisors sold investment products Flexinvest Fri, which yielded net losses to customers.
At the time, Tonny Thierry Andersen was in charge of Private Banking, adding to the pressure on his persona in connection with a so-called fit & proper approval for his new job at Nykredit, writes Danish newspaper Berlingske.
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