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Danske Bank names new CEO following money laundering scandal

May 11, 2019
Danske Bank
Source: Danske Bank

Denmark's biggest lender, Danske Bank, has named Chris Vogelzang, the former head of ABN Amro’s retail and private banking operations, as its chief executive. The appointment ends a seven-month search to find an outsider to lead it out of a €200bn money laundering scandal. Vogelzang has not held a top role for the past 2 years.

In a statement, Karsten Dybvad, Chairman of the Board of Directors, said: “On behalf of the Board of Directors, I am pleased to announce Chris Vogelzang as our new CEO. He has extensive leadership and commercial experience within banking and has throughout his career managed difficult challenges and delivered good results. This makes Chris Vogelzang well qualified to lead Danske Bank. We have a big task ahead of us in continuing to rebuild trust and at the same time developing our business in pace with customer expectations and the technological development to ensure that we remain a leading Nordic bank.”

Chris Vogelzang will take up his position as CEO effective as of 1 June 2019, and Interim CEO Jesper Nielsen will then continue in his current position as Head of Banking DK and member of the Executive Board.