Denmark-based Danske Bank has closed its equity capital markets (ECM) operations in London to focus on Stockholm and strengthen its position as the top investment bank in the Nordic region. Five employees from the London equity syndicate team were let go as part of this strategic shift. Danske Bank aims to expand advisory services in Nordic markets, particularly in Sweden, where a new ECM team has been established. The bank also plans to become a leading retail and private banking institution in Sweden, targeting business owners and clients with complex needs. Danske Bank has appointed key personnel, including Carl Rosenius, to enhance its investment banking capabilities. Last year, Rosenius joined as co-head of investment banking and head of corporate finance in Stockholm, and additional bankers have been recruited from SEB and Nordea Bank Abp. Earlier this year, Danske Bank integrated BlackRock’s Aladdin Wealth platform to enhance its investment services for customers, providing a more comprehensive and efficient wealth advisory service.

Read more at Yahoo Finance: Danske Bank closes London equity capital markets desk-report