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Danske Bank dismisses head of Danish banking activities

Danske Bank dismisses head of Danish banking activities
FILE PHOTO: Danske Bank sign is seen at the bank's Estonian branch in Tallinn, Estonia March 25, 2019. REUTERS/Ints Kalnins -
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INTS KALNINS(Reuters)
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COPENHAGEN (Reuters) – Danske Bank said on Monday it had dismissed the head of its Danish banking activities, Jesper Nielsen, who was also the bank’s former interim chief executive, after customers paid fees that were too high for an investment product.

“He was at the time one of the responsible Executive Board members who did not to a sufficient degree ensure that the Flexinvest Fri product was suitable for the bank’s customers. Therefore, we find that Jesper cannot continue in his position,” Chairman Karsten Dybvad said in a statement.

(Reporting by Stine Jacobsen; Editing by Edmund Blair)

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