Danske Financial institution Lays Off International Head of FX Niklas Karlsson

Danske Financial institution has misplaced its international head of international alternate (foreign exchange), as Niklas Karlsson has left the Danish financial institution after working for the agency for nearly twenty years, Finance Magnates has discovered.

Niklas Karlsson formerly of Danske BankNiklas Karlsson
Supply: LinkedIn

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The transfer was made public on Karlsson’s LinkedIn account, which states that he has been the previous International Head of FX for the financial institution since November of 2019. He confirmed to Reuters, that he had been laid off as a part of a broader firing spree so as to minimize prices on the financial institution.

Niklas Karlsson joined Danske Financial institution in 2000

Karlsson spent 19 years a Danske Financial institution. In keeping with his LinkedIn profile, he joined the Danish agency in July of 2000 because the International Head of FX Spot/Choices & Rising Markets. 

Throughout his lengthy tenure with the corporate, he labored himself up the ranks, taking up positions comparable to International Head of FX Spot/Choices & Gross sales and Senior Vice President, amongst different duties.

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Earlier than he was at Danske Financial institution, Karlsson had already been working within the foreign exchange trade for greater than a decade. Particularly, he commenced his profession within the house again in 1987 when he joined Svenska Handelsbanken malmoe as a senior FX seller.

Throughout his intensive profession, he has additionally held the position of chief FX seller at Svenska Handelsbanken N.Y, the place he led the spot foreign exchange crew, and Head of Monetary Buying and selling, Power merchandise at Sydkraft Power buying and selling.

The truth that Danske Financial institution is reportedly attempting to chop prices just isn’t overly stunning. It is because the financial institution has been a part of an ongoing money-laundering investigation. Specifically, the corporate’s Estonian department is being regarded into.

As Finance Magnates reported, a whistle-blower, who has since been recognized as Howard Wilkinson, the department’s former Head of Buying and selling, revealed that anti-money laundering procedures weren’t being correctly adhered to. Since then, different massive gamers, comparable to Deutsche Financial institution have been introduced into the investigation.

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