Danske Bank hires compliance officer from HSBC
Reuters
Published Jul 09, 2019 10:08AM ET
Danske Bank hires compliance officer from HSBC
COPENHAGEN (Reuters) - Danske Bank (CO:DANSKE), entangled in a massive money laundering scandals, has appointed Simon Kingsbury as head of surveillance and investigation from HSBC (L:HSBA), the bank's head of compliance Philippe Vollot wrote on LinkedIn (NYSE:LNKD).
Kingsbury, who will join Danske Bank on July 15, will report to Vollot who joined from Deutsche Bank (DE:DBKGn) 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.
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Written By: Reuters
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