Media: This is why CIO is leaving Danica

According to Insidebusiness, Jesper Langmack's exit from Danica has been coming for a while, and may have consequences for investments in small to medium private equity funds going forward.

Jesper Langmack has been at Danica for 4 years. | Photo: PR/ Danske Bank

On Thursday, FinansWatch reported that the pension company's CIO, Jesper Langmack, is stopping at Danske Bank on mutual terms. According to Insidebusiness, who cite "numerous sources" - although not Langmack himself - his exit is due to an increased focus on compliance in the wake of the money laundering scandal in Estonia.

Langmack, who came to Danica from PFA in 2015, has become well-known for his unique network among the biggest private equity funds.. Insidebusiness writes that Langmack leaving Danica will have consequences, especially for Danish funds like Axcel, Polaris, Catacap and Erhvervsinvest, who have benefitted from working with him for several years.

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