Danske Bank Forced to Resume CEO Search After Regulator’s Rejection

Danske Bank Forced to Resume CEO Search After Regulator’s Rejection
The Danske Bank building in Copenhagen, Denmark, on Sept. 27, 2018. REUTERS/Jacob Gronholt-Pedersen
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COPENHAGEN —Danske Bank, reeling from a money-laundering scandal, will resume its search for a new chief executive after a Danish regulator rejected its internal candidate for the job, and analysts said it would be forced to look outside the bank.

Jacob Aarup-Andersen, 40, the Danske board’s choice to take over the helm of Denmark’s biggest bank, was rejected by the country’s financial regulator on the grounds that he wasn’t experienced enough.