Thursday, October 29, 2020

Nordea says CEO von Koskull to retire by end-2020


Nordea, one of the Nordic region’s biggest banks, said on Sunday its Chief Executive Casper von Koskull would retire by the end of 2020 and it had begun the process of finding a successor for the 58-year-old.

Koskull joined Nordea in 2010 after working at Goldman Sachs and was named President and Group CEO in November 2015.

“Casper will turn 60 in 2020 and has wished to make that the point of retirement following a long and intense career in banking,” Nordea said in a statement.

Nordea booked a 95 million euro ($108 million) provision in April for a possible fine for alleged money-laundering, and also posted a bigger-than-expected drop in its first-quarter operating profit.

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Nordic banks are facing intense scrutiny after Danske Bank became embroiled in a huge money laundering scandal at its Estonian branch. ($1 = 0.8797 euros) (Reporting by Shubham Kalia in Bengaluru; Editing by Alexander Smith)

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