Danske Bank Names CEO As Tortuous Search Concludes

Tom Burroughes

10 May 2019

– the last eight years as a member of the bank’s management board and head of its global retail and private banking activities.

“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,” Karsten Dybvad, chairman of the board of directors at Danske, said.

Vogelzang, a Dutch national, will take up his position as CEO as of 1 June, and Nielsen will then continue in his current position as head of banking for Denmark and member of the executive board.

“I am very grateful for the trust that the Board of Directors has shown in me. Despite its current challenges, Danske Bank has all the prerequisites to continue to be a strong and competitive bank that creates value for all its stakeholders. As the largest bank in Denmark and a leading Nordic financial institution, Danske Bank plays an important role not only for its many customers and investors, but also for society,” Vogelzang said.