Thomas Borgen
Thomas F. Borgen | |
|---|---|
| Born | March 27, 1964 Sarpsborg, Norway |
| Occupation | Banking executive |
| Years active | 1997–2018 |
| Known for | CEO of Danske Bank (2013–2018) |
Thomas F. Borgen (born 27 March 1964) is a Norwegian banking executive who served as the CEO of Danske Bank from 2013 until his departure in September 2018, which occurred amid a significant money laundering controversy.
By the third quarter of 2022, Borgen was subject to litigation in Lyngby, with current and former shareholders initiating a lawsuit demanding compensation amounting to Danish kroner 2.5 billion. Among the plaintiffs are major investors such as the Oil Fund (Norway).
Early life
Hailing from Sarpsborg, Norway, Borgen completed a Bachelor of Arts in Business Organisation at Heriot-Watt University in 1987, followed by a Master of Business Administration from Syracuse University in 1989.
Career
Borgen began his tenure at Danske Bank in 1997 and ascended to the role of CEO in September 2013, taking over from Eivind Kolding. He stepped down on 19 September 2018 after revelations surfaced regarding the bank's participation in extensive money laundering activities.