- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2023-03-20T15:55:00
Danske Bank will appoint Chief Audit Executive Dorthe Tolborg to serve as its chief compliance officer after current CCO Satnam Lehal announced he would depart the bank in early 2024.
Tolborg will assume the CCO role June 1 and join the bank’s executive leadership team, which will expand to nine members, Danske Bank said in a press release Monday.
“Anchoring compliance in the executive leadership team will ensure that, following years of significant investments, we can continue to integrate our compliance efforts into our business,” said Danske Bank Chief Executive Carsten Egeriis in the release. “[W]ith her background and competencies, [Tolborg] is exactly the right person to lead this work.”
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Outgoing Danske Bank CCO Satnam Lehal shares with Compliance Week lessons learned from addressing deficiencies in the bank’s compliance program while managing the expectations of regulators, the board, employees, customers, analysts, investors, and the public.
Satnam Lehal, chief compliance officer of Danske Bank, announced he will leave the bank in early 2024 after playing a pivotal role in helping steer it through the aftermath of one of the world’s largest money laundering scandals.
Danske Bank reached final resolutions with U.S. and Danish authorities to settle allegations regarding widespread anti-money laundering deficiencies at its former Estonia branch.
