Danske Bank Management

Management criteria checks 3/4

Danske Bank's CEO is Carsten Egeriis, appointed in Aug 2017, has a tenure of 6.67 years. total yearly compensation is DKK19.98M, comprised of 72.6% salary and 27.4% bonuses, including company stock and options. directly owns 0.004% of the company’s shares, worth $926.92K. The average tenure of the management team and the board of directors is 3.2 years and 3 years respectively.

Key information

Carsten Egeriis

Chief executive officer

kr.20.0m

Total compensation

CEO salary percentage	72.6%
CEO tenure	6.7yrs
CEO ownership	0.004%
Management average tenure	3.2yrs
Board average tenure	3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Carsten Egeriis's remuneration changed compared to Danske Bank's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr.20m	kr.15m	kr.21b
Sep 30 2023	n/a	n/a	kr.20b
Jun 30 2023	n/a	n/a	kr.572m
Mar 31 2023	n/a	n/a	-kr.3b
Dec 31 2022	kr.18m	kr.14m	-kr.5b
Sep 30 2022	n/a	n/a	-kr.6b
Jun 30 2022	n/a	n/a	kr.11b
Mar 31 2022	n/a	n/a	kr.12b
Dec 31 2021	kr.17m	kr.12m	kr.12b
Sep 30 2021	n/a	n/a	kr.10b
Jun 30 2021	n/a	n/a	kr.9b
Mar 31 2021	n/a	n/a	kr.9b
Dec 31 2020	kr.12m	kr.10m	kr.4b
Sep 30 2020	n/a	n/a	kr.8b
Jun 30 2020	n/a	n/a	kr.8b
Mar 31 2020	n/a	n/a	kr.10b
Dec 31 2019	kr.10m	kr.8m	kr.14b
Sep 30 2019	n/a	n/a	kr.13b
Jun 30 2019	n/a	n/a	kr.12b
Mar 31 2019	n/a	n/a	kr.13b
Dec 31 2018	kr.8m	kr.8m	kr.14b
Sep 30 2018	n/a	n/a	kr.16b
Jun 30 2018	n/a	n/a	kr.19b
Mar 31 2018	n/a	n/a	kr.19b
Dec 31 2017	kr.14m	kr.3m	kr.20b

Compensation vs Market: Carsten's total compensation ($USD2.87M) is below average for companies of similar size in the US market ($USD13.51M).

Compensation vs Earnings: Carsten's compensation has been consistent with company performance over the past year.

CEO

Carsten Egeriis (47 yo)

6.7yrs

Tenure

kr.19,980,000

Compensation

Mr. Carsten Rasch Egeriis is Chairman of Danica Pension, Livsforsikringsaktieselskab from August 1, 2023. He had been Chairman of Realkredit Danmark A/S since June 9, 2020 until July 21 2021. Mr. Egeriis s...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Carsten Egeriis	CEO & Member of Executive Leadership Team	6.7yrs	kr.19.98m	0.0037% DKK 926.9k
Stephan Engels	CFO & Member of Executive Leadership Team	4yrs	kr.14.16m	0.0027% DKK 675.7k
Frans Woelders	COO & Member of the Executive Leadership Team	4.1yrs	kr.13.13m	0.00059% DKK 148.2k
Karsten Breum	Chief People Officer & Member of the Executive Leadership Team	4.2yrs	kr.10.97m	0.0075% DKK 1.9m
Johanna Norberg	Head of Business Customers & Country Manager - Sweden and Member of Executive Leadership Team	1.9yrs	kr.10.50m	0.0024% DKK 607.9k
Magnus Agustsson	Chief Risk Officer & Member of the Executive Leadership Team	2.4yrs	kr.13.25m	no data
Christian Bornfeld	Head of Personal Cus.	no data	kr.13.40m	0.00094% DKK 236.1k
Dorthe Tolborg	Chief Compliance Officer & Member of Executive Leadership Team	less than a year	kr.4.53m	0.00059% DKK 148.2k
Carl Alpen	Head of Large Corporates & Institutions and Member of Executive Leadership Team	less than a year	kr.23.81m	no data
Mikael Deigaard	Global Chief Investment Officer	4.2yrs	no data	no data
Atilla Olesen	Head of Investment Banking & Securities	3.2yrs	no data	no data
Michel van Drie	Head of Technology	2.3yrs	no data	no data

3.2yrs

Average Tenure

54yo

Average Age

Experienced Management: DNSK.F's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Martin Blessing	Independent Chairman of the Board	3.8yrs	kr.3.36m	0.0025% DKK 617.9k
Lars Kolind	Member of Advisory Board	29.3yrs	no data	no data
Sten Scheibye	Member of Advisory Board	no data	no data	no data
Birgit Aagaard-Svendsen	Member of Advisory Board	no data	no data	no data
Trond Westlie	Member of Advisory Board	no data	no data	no data
Lars-Erik Brenoe	Non-Independent Director	8.1yrs	kr.1.27m	0.0039% DKK 967.1k
Henrik Poulsen	Member of Advisory Board	no data	no data	no data
Allan Polack	Independent Director	2.1yrs	kr.1.09m	0.00052% DKK 130.6k
Gert Kjeldsen	Member of Advisory Board	no data	no data	no data
R. Lindeløv	Member of Advisory Board	no data	no data	no data
Martin Larsen	Non-independent Vice Chairman of the Board	less than a year	no data	no data
Jacob Dahl	Independent Director	2.1yrs	kr.1.01m	0.0016% DKK 394.4k

3.0yrs

Average Tenure

63yo

Average Age

Experienced Board: DNSK.F's board of directors are not considered experienced ( 3 years average tenure), which suggests a new board.

Danske Bank Management

Management criteria checks 3/4

Key information

Recent management updates

Danske Bank A/S Announces Management Changes

Danske Bank A/S Appoints Martin Stewart, as Chairman

Danske Bank A/S Announces Resignation of Philippe Vollot as Chief Administrative Officer and Executive Leadership Team

Danske Bank A/S Announces Election of Employee Representatives to the Board of Directors

Danske Bank Announces that Chairman of Board of Directors Karsten Dybvad Will Not Stand for Re-Election

Danske Bank A/S Announces Resignation of Topi Manner from Board of Directors

Recent updates

Danske Bank A/S (CPSE:DANSKE) commences an Equity Buyback Plan, under the authorization approved on March 16, 2023.

Danske Bank A/S (CPSE:DANSKE) commences an Equity Buyback Plan, under the authorization approved on March 16, 2023.

Danske Bank A/S Announces Earnings Guidance for the Year 2024

Danske Bank A/S Revises Earnings Guidance for the Year 2023

Danske Bank A/S Narrows Earnings Guidance for the Year 2023

Infosys Limited (NSEI:INFY) Completed the acquisition of Danske IT And Support Services India Private Limited from Danske Bank A/S (CPSE:DANSKE).

Danske Bank A/S to Report Nine Months, 2024 Results on Oct 31, 2024

Infosys Limited (NSEI:INFY) entered into an agreement to acquire Danske IT And Support Services India Private Limited from Danske Bank A/S (CPSE:DANSKE) for DKK 13.6 million.

Danske Bank A/S Announces Management Changes

Danske Bank A/S Provides Earnings Guidance for the Year 2023

Danske Bank A/S acquired a 5% stake in Medistim ASA.

US Securities and Exchange Commission Files A Complaint Against Danske Bank

Danske Bank A/S Revises Earnings Guidance for the Fiscal Year 2022

Danske Bank A/S Appoints Martin Stewart, as Chairman

Danske Bank A/S to Report Q3, 2023 Results on Oct 27, 2023

Danske Bank A/S Provides Impairment Guidance for the Second Quarter of 2022

Triton Smaller Mid-Cap Fund II SCSp managed by Triton acquired an unknown majority stake in Esperi Care Oy from Danske Bank A/S (CPSE:DANSKE), Skandinaviska Enskilda Banken AB (publ) (OM:SEB A) and Ilmarinen Mutual Pension Insurance Company.

Danske Bank A/S Announces Resignation of Philippe Vollot as Chief Administrative Officer and Executive Leadership Team

Ahlsell Danmark Aps agreed to acquire a 75.49% stake in Sanistål A/S (CPSE : SANI) from Danske Bank A/S (CPSE:DANSKE), Jyske Bank A/S (CPSE:JYSK), Nykredit Bank A/S and Nordea Bank Abp (OM:NDA SE) for approximately DKK 520 million.

Danske Bank A/S Provides Earnings Guidance for the Full Year of 2022

Danske Bank A/S Announces Election of Employee Representatives to the Board of Directors

Danske Bank Announces that Chairman of Board of Directors Karsten Dybvad Will Not Stand for Re-Election

Danske Bank A/S Provides Earnings Guidance for the Year 2022

Union Bancaire Privée, UBP SA completed the acquisition of Danske Bank International S.A from Danske Bank A/S (CPSE:DANSKE).

An unknown buyer acquired 6.36% stake in Solon Eiendom ASA (OB:SOLON) from Danske Bank A/S (CPSE:DANSKE).

Union Bancaire Privée, UBP SA entered into an agreement to acquire Danske Bank International S.A. from Danske Bank A/S (CPSE:DANSKE).

Danske Bank A/S Reports Loan Impairment Charges for the First Quarter of 2021

Danske Bank A/S Reiterates Impairment Guidance for the Fourth Quarter of 2020

Danske Bank A/S Announces Resignation of Topi Manner from Board of Directors

Luminor Bank AS agreed to acquire Corporate loan and leasing portfolio from Danske Bank A/S (CPSE:DANSKE) for €35 million.

NTG Nordic Transport Group A/S Announces Termination of Market Making Agreement with Danske Bank A/S

Loomis AB (publ) (OM:LOOM B) completed the acquisition of Automatia Pankkiautomaatit Oy from Danske Bank A/S (CPSE:DANSKE), OP Financial Group and Nordea Bank Abp (OM:NDA SE).

Danske Bank Announces Management Changes

AS LHV Pank completed the acquisition of Business Unit Operating Portfolio of Estonian Corporate and Public Sector Credits from Danske Bank A/S (CPSE:DANSKE).

Danske Bank A/S Announces Changes to the Organization

Euronext N.V. (ENXTPA:ENX) completed acquisition of 70% stake in VP Securities A/S from Danske Bank A/S (CPSE:DANSKE), Danmarks Nationalbank, Jyske Bank A/S (CPSE:JYSK), Nykredit A/S and Nordea Danmark, Filial af Nordea bank AB (Publ) FINLAND.

AB Siauliu Bankas (NSEL:SAB1L) completed the acquisition of retail loan portfolio of Danske Bank A/S for for approximately €110.

Danske Bank A/S to Report Fiscal Year 2020 Results on Feb 04, 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age