AMWatch

Tonny Thierry Andersen was in charge of division when compliance team issued warnings

Danske Bank's internal compliance division informed management of the bank's breach of regulation on proper customer counseling in 2015. New revelations add to the pressure on the former Head of Wealth Management at Danske Bank, who is currently anticipating Nykredit's so-called fit & proper approval, writes Danish newspaper Berlingske.

Photo: Rune Aarestrup Pedersen/ERH

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.

Read the whole article

Get 14 days free access.
No credit card required.

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

ATP's managed assets maintained growth in Q3

A positive result from investments and a negative hedging portfolio outcome are the main takeaways from ATP's Q3 report, which reports that total managed assets have increased, and the bonus rate has also swelled further.

Velliv divests coal and tar sands

Neither coal nor oil extracted from tar sands will be be found in Velliv's portfolio now that the company has decided to completely exclude companies associated with those activites.

Further reading

Trial banner

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch