Danske Bank closes London equity capital markets desk-report

Group 1 - Danske Bank has closed its equity capital markets operations in London to focus on enhancing its position in the Nordic region, particularly in Stockholm [1][2] - The closure resulted in the termination of five employees from the London equity syndicate team [1] - Danske Bank's investment banking division head described the change as a strategic milestone in the bank's capital markets strategy, aiming to expand advisory services in the Nordic markets as part of a five-year plan initiated in 2023 [2] Group 2 - The bank intends to become a leading retail and private banking institution in Sweden, targeting business owners and clients with complex needs [3] - Significant appointments have been made to strengthen investment banking capabilities, including the recruitment of Carl Rosenius from Skandinaviska Enskilda Banken AB as co-head of investment banking and head of corporate finance in Stockholm [3][4] - Under Rosenius's leadership, Danske Bank has added four more bankers from SEB and Nordea Bank Abp, with further recruitment expected [4] Group 3 - Danske Bank has integrated BlackRock's Aladdin Wealth platform to enhance its investment services, aiming to provide a more comprehensive and efficient wealth advisory service to its investment customers [4]