Jesper Nielsen appointed as head of Danske Bank on Monday

Danske Bank's board of directors on Monday appointed Jesper Nielsen, a member of the lender's executive board and head of its Danish banking unit, as an interim chief executive until a permanent CEO can be appointed to replace Thomas F. Borgen.

Borgen announced last month that he would resign after an internal inquiry by the bank revealed that 200 billion euros ($235 billion) of payments, many of which the bank said were suspicious, had been moved through its Estonian branch over a period of eight years.