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Danske fails to publish prospective CEO's private directorships

In addition to his position in Danske Bank's management team, the scandal-hit bank's prospective CEO Jacob Aarup-Andersen held -- until recently -- directorships in two private limited companies, with approval from the board of directors. According to the Danish Financial Business Act, such information must be published annually. However, according to Danske's press officer, Danske has not yet published the prospective CEO's private directorships in 2018 due to an "internal error".

Photo: PR / Danske Bank

Jacob Aarup-Andersen took on his duties as CFO of Denmark's biggest bank Danske Bank in the spring of 2016 and joined its management team. Back then, Aarup-Andersen -- widely pegged as the next CEO of the bank, as it deals with a major money-laundering scandal -- held private directorships in two private limited companies, Circus Road Capital ApS and Monterey River Capital ApS.

Beside being CEO of the two companies, Aarup-Andersen is sole owner of the capital of Circus Capital ApS which is domiciled in his private residence in Charlottenlund, an affluent area north of Copenhagen. Last week, he stepped down as CEO of Monterey River Capital and sold his 50 percent stake to the other stakeholder, former portfolio manager at Danske Capital, Peter Rothausen.

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