Danske Bank – GC Powerlist
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Nordics Teams 2016

Financials

Danske Bank

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Nordics Teams 2016

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Danske Bank

Recently undergoing a restructuring effort, the Danske Bank (Norge) legal team was previously managed via two separate entities; one of which reported directly to the group legal counsel in Denmark,...

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Danske Bank has undertaken numerous significant transactions in the last few years, and the legal team serving the Irish subsidiary of the Copenhagen headquartered bank has undergone changes in line...

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Danske Bank Norge, originally named Fokus Bank, is the Norwegian operation of the Danish Danske Bank. The bank was founded in 1859 and is one of the largest banks in...

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Danske Bank is one of the Nordic region’s principal financial services institutions, and has a number of subsidiaries across Denmark, Finland, Norway and Sweden, as well as in markets further...

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About

Described by a nominator as a team of ‘highly competent cooperation partners, who consistently exercise a high-degree of professionalism’, the Danske Bank legal department, comprised of 160 employees, is led by Flemming Pristed as group general counsel. Among many of the team’s achievements Pristed singles out the work during the ‘digitalisation of the bank’s products and services, which is at the heart of the group’s strategy’. The legal function recently faced the difficulty of interpreting and implementing regulations, which were created during a pre-digital era. As part of this challenge the legal team has been required to liaise closely with various other departments throughout the organisation. As a crucial support function to the business, the team recently outlined a clear and concise five year strategy that incorporates a learning and development program. Designed to match the company’s strategic challenges, the training includes project management, business partnering and global collaboration. Throughout the global financial downturn, the team has been tasked with ensuring costs levels remain flat by introducing constant efficiency improvements, namely via the establishment of a legal competence centre in Vilnius, Lithuania. Another lasting impact created by Pristed’s team is the development of an executive board approved legal risk policy, which ‘sets out the bank’s risk appetite in terms of legal risks’.

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