Danske Bank Names Frans Woelders as Group Chief Operating Officer

By Dominic Chopping

Danske Bank AS (DANSKE.KO) on Thursday named Frans Woelders as group chief operating officer with overall responsibility for group services and IT, effective June 1, 2020 at the latest.

Mr. Woelders joins from Royal Bank of Scotland Group PLC (RBS) where he is chief digital officer for personal banking. Prior to that, his experience comes from positions with ABN AMRO Bank NV (ABN.AE), including as chief executive of retail banking and as group chief information officer.

"He brings extensive experience from top management positions in the financial sector and has delivered very good results both in relation to the IT and retail banking areas and in terms of bringing these areas closer together," said Danske CEO Chris Vogelzang.

"This means that he is very well suited for supporting our ambitions for developing our business in the coming years, where we will invest in further digitalization across the bank."

Mr. Vogelzang will continue to fill the COO position until Mr. Woelders takes up the position, it said.

Write to Dominic Chopping at [e-mail]

(END) Dow Jones Newswires

November 28, 2019 04:12 ET (09:12 GMT)

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