Danske Bank's largest shareholder, the Maersk family, has ousted the lender's chairman after a money-laundering scandal that also forced out its CEO. AP Moller Holding, which controls about 21% of the bank's share capital, nominated Karsten Dybvad, who heads the Confederation of Danish Industry, to replace Ole Andersen as chairman of Denmark's largest bank. The move is a rare example of Denmark's Maersk family, which controls shipping giant AP Moller-Maersk through AP Moller Holding, openly flexing its muscles to seek change at one of its investments. "Danske Bank requires new leadership and changes to its board to strengthen its position as a leading Nordic bank," said Robert Uggla, CEO of the family's AP Moller Holding. Andersen, who was appointed chairman seven years ago, agreed to step down from the board at an extraordinary general meeting to be held within two weeks. The change follows a scandal that involved €200bn in payments through Danske's Estonian branch between 2007 and...

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