Hunt for new Nordea CEO

A press conference held by the Swedish Financial Supervisory Authority last month turned into something of a nightmare for Nordea and CEO Christian Clausen. For the third time within five years the bank received scathing criticism for its inability, negligence and bad practices when dealing with money laundering.

Svenska Dabladet suggests that the bank’s lax anti-money laundering controls have damaged Christian Clausen’s reputation and that this is why the bank is now reportedly hunting for a new CEO. According to Denmark’s daily newspaper Berlingske, Mikael Rasmussen, CEO of Danish Nykredit, and Torbjörn Magnusson, CEO of insurer IF, are prospective candidates for the post.