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Wealth head still in race to replace Danske's CEO

Thomas Borgen is continuing as Danske Bank's CEO until a successor is in place. The bank's board is reluctant to say whether the next chief executive will be found internally -- or brought in from outside the group.    

Photo: PR / Danske Bank

When Thomas Borgen officially handed in his letter of resignation on Wednesday morning as a consequence of his involvement in the money laundering scandal, an obvious question was -- who will replace the Norwegian as Danske Bank's 14th chief executive officer in its 146-year-old history?

During the much-anticipated press conference at the Copenhagen theme park Tivoli, Danske Bank's chairman, Ole Andersen, was reluctant to name Borgen's successor. So Borgen is carrying on with his duties until a replacement has been found. This indicates that Danske's board might have rejected the notion of selecting an internal candidate.

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