Sydbank has announced that its CEO, Karen Frøsig, will step down from her position in 2024. Karen Frøsig joined Sydbank in 1994 as Chief Legal Adviser and became a member of the Group Executive Management in 2008. She has been the CEO of Sydbank since 2010. The Board of Directors has already found a successor…
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Sydbank to acquire Alm. Brand Bank for DKK 1.833 billion
LONDON: Sydbank will acquire Alm. Brand Bank and consequently take over all the bank’s employees and the bank’s customers, a news release said. Sydbank A/S and Alm. Brand A/S have concluded an agreement to this effect. The provisionally calculated purchase price totals DKK 1.833 billion. Moreover the agreement involves the establishment of a partnership to…