Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Danske Bank hires compliance officer from HSBC

Danske Bank hires compliance officer from HSBC
FILE PHOTO: Danske Bank sign is seen at the bank's Estonian branch in Tallinn, Estonia March 25, 2019. REUTERS/Ints Kalnins -
Copyright
INTS KALNINS(Reuters)
Euronews logo
Text size Aa Aa

COPENHAGEN (Reuters) – Danske Bank <DANSKE.CO>, entangled in a massive money laundering scandals, has appointed Simon Kingsbury as head of surveillance and investigation from HSBC <HSBA.L>, the bank’s head of compliance Philippe Vollot wrote on LinkedIn.

Kingsbury, who will join Danske Bank on July 15, will report to Vollot who joined from Deutsche Bank <DBKGn.DE> in December.

Danske Bank on Monday cut its 2019 profit outlook, partly due to higher costs related to compliance and anti-money laundering activities following its involvement in a major money laundering scandal at its Estonian branch.

(Reporting by Andreas Mortensen; editing by Jacob Gronholt-Pedersen and Alexander Smith)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.