Another one bites the dust.
Danske Bank has lost its head of treasury less than a month after ousting its CEO as the bank carves out a new strategy.
Bloomberg News reports that Steen Blaafalk has left the bank, ending the 52-year-old’s three-decade-long career at the firm.
Blaafalk confirmed by phone Monday that he has left the bank, while declining to comment further. His departure comes less than a month after Danske named Thomas Borgen to replace Eivind Kolding as CEO.
'We can confirm that he has left the bank', Niels Overgaard, a Danske spokesman, said by phone. 'We cannot say anything more than that'. He also declined to say whether the firing is part of a broader management review at the bank and didn’t say how Danske will go about replacing Blaafalk.
'It’s only natural that Thomas Borgen wants to put together a management team of his own, being the incoming CEO', Christian Hede, an analyst at Jyske Bank A/S, said by phone. 'But Blaafalk leaving markets creates the fourth vacancy in the top 10 jobs of the bank, so now he’s got plenty of options to set that team of his'.
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