Former Deutsche Bank Executive Reveals Hiring Plans for Danske
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About two months after Danske Bank A/S exposed to the world the vast scale of its money laundering scandal, it brought in an executive from Deutsche Bank AG to help it deal with the fallout.
Philippe Vollot, who started in late 2018 as Danske’s head of compliance after years of leading Deutsche’s global crime prevention unit, says he’s been told to “do what it takes” to overhaul Danske’s operations. That was “the mandate I got from the board of directors,” according to the 52-year-old Frenchman, who began his career as legal counsel at France’s market regulator.