Swedbank CEO Birgitte Bonnesen dismissed following money laundering raid
29 Mar 2019

Swedbank president and CEO Birgitte Bonnesen has been dismissed from her role, a day after authorities raided the bank’s headquarters over a money laundering probe in the Baltics.

The investigation is understood to be tied to the Danske money laundering scandal, which claimed the scalp of Danske CEO Thomas Borgen last year.

”The developments during the past days have created an enormous pressure for the bank. Therefore, the Board has decided to dismiss Birgitte Bonnesen from her position,” Swedbank Chair Lars Idermark said in a statement issued on Thursday.

“With that said, Birgitte Bonnesen has during her three years as CEO made an important contribution by creating a leading digital bank with physical presence.”

The bank added that CFO Anders Karlsson will take over as acting president and CEO, but still continue in his current role.

Efforts to obtain a comment from Bonnesen were unsuccessful.

– Irene Madongo

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