Top investors of Danske are banking on Denmark’s Maersk Family to haul the country’s largest lender through this recent turmoil on "200-billion-euro money laundering scandal", as a shareholder meeting has been called in Copenhagen on Friday for nominating two successors of the board of directors.
As a matter of fact, the Danish Clan’s investment firm, A. P. Moller Holding, with a stake of about 21% of Danske, had supplanted the previous chairman Ole Anderson, after he admitted that Danske’s Estonian Branch had been helping to funnel hundreds of billions of euros from countries such as Russia over 8 years.
In the wake of this whacking catastrophe at Danske Bank and the threats of regulatory penalties, new activist approaches are much anticipated and A. P. Moller Holding’s approach to nominate two successors of the board to steer the Bank in this turbulent period, has started to regain beliefs amongst the investors and shareholders.
One of the Danske Bank’s top thirty executives commented on Wednesday, 4th December, “They’re saying: ‘screw this. We need to sort this out; we can’t sit on the sidelines being passive money,” on the condition of remaining anonymous.
As Danske bank has lost 50% of its market share, since the unveiling of this feckless scandal, A. P. Moller Holding is expecting a “broad support” for their nomination in Friday’s meeting.