Danske integrates PE unit as two partners step down

Michael Nørgaard will take over as CEO of the private equity arm, which remains a legally separate entity but will take advantage of operational synergies by closer integration with Danske Bank Asset Management.

Nørgaard has been a board member of Danske Private Equity since 2008 and previously served as vice-president of Danske Bank's Group Treasury, where he gained experience managing the bank's private equity and unlisted securities portfolios.

The existing funds will remain with Danske Private Equity, and future fund products are expected to be offered on a continuous basis, according to a statement.

Danske Private Equity has approximately €3.7bn in assets under management.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• People
• Nordics
• GPs
• people moves
• Danske Bank