The European Securities and Markets Authority (ESMA) has fined Danske Bank, Nordea Bank, SEB, Svenska Handelsbanken and Swedbank €495,000 each and issued five public notices for negligently breaching the Credit Rating Agencies Regulation (CRAR). ESMA found that the five banks infringed the CRAR by issuing credit ratings without being authorised by ESMA to do so. […]
Tonny Thierry Andersen, head of Wealth Management and member of the executive committee of Danske Bank, is stepping down from his role on 1 May 2018. Andersen works at Danske Bank since 18 years having been the firm’s wealth management chief since 2016. He occupied positions of head of Personal Banking and head of Danske […]
Danske Bank group has reported annual profit of DKK20.9bn (€2.8bn) and return on shareholder equity of 13.6% for 2017, helped by growth in the asset management business line. Asset management AUM grew to DKK911bn (€122bn) by the end of 2017 (excluding assets attributable to the life business, or under advice, adding these would take total […]
Copenhagen-headquartered Danske Bank has appointed Ulrika Hasselgren as head of Responsible Investment, effective 1 February 2018. She reports to Henrik Gade Jepsen, head of Danske Bank Asset Management and will develop the strong responsible investment policy of Danske Bank. Hasselgren was formerly global head of Responsible Investment Strategy and ESG Integration at Institutional Shareholders Services. Prior […]
Northern Irish wealth management company Davy Private Clients UK (Davy) has acquired Danske Bank’s discretionary portfolio management wealth business. The deal, whose financial details have not been disclosed, includes the transfer of the management of more than 1,100 Danske Bank customer investment portfolios. The move is scheduled by the end of October 2017 and twelve […]
Danske Bank’s private banking and wealth management services in Northern Ireland will continue to use a portfolio management solution from SEI for a further three years, the two groups have announced. The two have been working together since 2011, and Danske said this would facilitate its ability to maintain implementation of technology that gives its […]
Danish asset manager has announced the expansion of its distribution business in Germany with the opening of a Frankfurt office and the appointment of Andreas Schneeberger (pictured) as director Business Development for the German market. Schneeberger will be responsible for the distribution of Danske’s 40 mutual funds and 20 institutional funds registered in Germany. He […]
Danske Bank’s Markets business will host a conference call for clients on Monday 6 July, to discuss the outcome of the planned referendum in Greece. Speakers set to take part will include: Thomas Harr, global head of FICC Research; Anders Møller Lumholtz, chief analyst; Anders Vestergård Fisher, senior analyst; Pernille Bomholdt Henneberg, senior analyst; Christin […]
Danish media have reported that Anders Svennesen is leaving ATP to take over the investment director role at Danica Pension previously held by Peter Lindegaard, who left in August. Svennesen is still listed on ATP’s website as responsible for investment allocation across ATP’s five risk classes. ATP’s investment department is responsible for some DKK650bn (€87bn) […]
Deutsche Bank is understood to have bought a portfolio of 680 residential properties in Ireland from Danske Bank.
Denmark’s largest bank Danske Bank has blacklisted Israeli Bank Hapoalim because of its involvement in the funding of settlement construction, the danish bank has announced on its website.
Jens Pedersen, analyst in FX & Commodities Strategy at Danske Bank, says the latest inflation data in the eurozone suggests the ECB will cut its key lending rate in December, and that Denmark will follow suit.