Archive · 30 Sep 2025
Danske Bank Closes London ECM Desk, Focuses on Stockholm
Danske Bank, a big bank, has shut down its London office that helps companies raise money by selling stocks.
Instead, the bank wants to be a top investment bank in the Nordic countries like Sweden.
They are moving their focus to Stockholm, where they're building a new team.
The bank is hiring people and trying to attract business owners and wealthy customers.
The bank's goal is to grow its investment banking services in Sweden and provide better financial services in the region.
Danske Bank closed its London equity capital markets (ECM) operations.
The bank is shifting its focus to Stockholm, Sweden.
Five employees were let go from the London team.
This move is part of a five-year strategy to expand in the Nordic region.
Danske Bank wants to become a premium bank in Sweden.
- Who
- Danske Bank
- What
- Closed its London equity capital markets operations
- When
- The closure took effect in June
- Where
- London and Stockholm
- Why
- To focus on its Nordic investment banking business
- Company
- Danske Bank
- Action
- Closed London ECM desk
- Location of ECM Focus
- Stockholm
- Reason
- To become a top Nordic investment bank
- Affected Employees
- Five London ECM employees dismissed
- Stock Performance
- Up 33% YTD