Danske Bank A/S announced that Philippe Vollot has decided to resign from his position as Chief Administrative Officer (CAO) in Danske Bank to take up a position with another bank. Accordingly, Philippe Vollot steps out of the Executive Leadership Team on June 2, 2022. Under Philippe Vollot's leadership, Danske Bank has developed a clear and well-defined financial crime prevention plan, which is now in the implementation phase.

Furthermore, Danske Bank has built a strong Group Compliance organisation, which encompasses regulatory affairs and financial crime compliance functions as well as all ‘1st line' units (Financial Crime Prevention and Financial Crime Risk). In the Executive Leadership Team, Head of Personal Customers Christian Bornfeld will assume responsibility for Danske Bank's units Financial Crime Prevention and Financial Crime Risk working within the financial crime prevention across the organisation. Christian Bornfeld has strong international experience in the area, having led financial crime prevention in his previous role as Group COO of ABN AMRO.

Chief Compliance Officer Satnam Lehal will, on an interim basis, report organisationally to the Chief Risk Officer, Magnus Thor Agustsson. The Chief Compliance Officer will continue to have an independent reporting line to the Board of Directors. The new executive responsibilities will take effect as of on June 2, 2022.