Danish authorities block appointment of new boss at Danske Bank

Written by Oliver Wade

Danish authorities have blocked the appointment of a new chief executive officer at Danske Bank, applying further strain on the firm which is currently reeling from a $200bn (£176bn) money laundering scandal, involving suspicious Russian money.

The Danish Financial Supervisory Authority (FSA) has refused the appointment as chief executive of Jacob Aarup-Andersen, the bank’s head of wealth management, due to a lack of experience, Danske Bank revealed in a statement yesterday.

As a result of this, the bank has said it has withdrawn the application and will continue its search for a new chief executive.

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