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Banking

Danske Bank: Good luck, or good business?

After barely a year in the job Danske’s CEO Thomas Borgen is overseeing a revival in its fortunes. He clearly has the skills to make a difference, but can he outsmart the legacy challenges as well as inevitable changes coming to Danish banking?

Thomas Borgen-envelope


Thomas Borgen may be one of the most brilliant bankers in Europe; or he may simply be one of the luckiest.

The truth almost certainly lies somewhere in between. But if you measure these things by share-price performance alone, the new CEO of Danske Bank certainly appears to have exercised a Midas touch so far. On the day of his appointment, in September 2013, Danske’s shares opened at DKr117.9 ($20.98). By late July 2014, they had rallied by close to 40%.

There are several compelling reasons for the performance of Danske’s share price over the last 12 months.



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