COPENHAGEN, April 19 (Xinhua) -- The Danske Bank, Denmark's largest bank and financial group, said on Monday its chief executive Chris Vogelzang has resigned after Dutch authorities identified him as one of the suspects in the investigation of potential violations of Dutch anti-money laundering legislation at ABN AMRO, the third-largest bank in the Netherlands.
Following Vogelzang's decision to resign, the Danske Bank's Board of Directors announced the appointment of Chief Risk Officer Carsten Egeriis as CEO in a statement.
Danske Bank is currently embroiled in investigations over suspicion of its Estonian branch being used to launder up to 1,500 billion Danish kroner (about 242 billion U.S. dollars) from 2007 to 2015.
Dutchman Vogelzang worked at ABN AMRO from 2000 to 2017 and was an integral part of the bank's top management from 2009 to 2017.
Following Vogelzang's resignation, former Netherland's Finance Minister Gerrit Zalm, fellow board member and compatriot of Vogelzang, also tendered his resignation from the Danske Bank Board, according to the statement.