Thomas F. Borgen (born 27 March 1964) is a Norwegian banker, and was CEO of

Danske Bank Danske Bank A/S (, ) is a Danish multinational banking and financial services corporation. Headquartered in Copenhagen, it is the largest bank in Denmark and a major retail bank in the northern European region with over 5 million retail custome ...

until he resigned in September 2018 over a money-laundering scandal. As of Q3 2022, he is in court (in

Lyngby Kongens Lyngby (, Danish language, Danish for "the King's Heather Town"; short form Lyngby) is the seat and commercial centre of Lyngby-Taarbæk Municipality in the northern suburbs of Copenhagen, Denmark. Lyngby Hovedgade is a busy shopping stre ...

), because he has been sued for

Danish kroner The krone (; plural: ''kroner''; currency sign, sign: kr.; ISO 4217, code: DKK) is the official currency of Denmark, Greenland, and the Faroe Islands, introduced on 1 January 1875. Both the ISO code "DKK" and currency sign "kr." are in common ...

2.5 billion; the litigants include current and former owners of stocks - owners such as the Oil Fund (Norway).

Early life

Thomas Borgen was born on 27 March 1964 in

Sarpsborg Sarpsborg ( or ), historically Borg, is a List of cities in Norway, city and Municipalities of Norway, municipality in Østfold Counties of Norway, county, Norway. The administrative centre of the municipality is the city of Sarpsborg. Sarpsbor ...

, Norway. In 1987, he earned a BA in Business Organisation from

Heriot-Watt University Heriot-Watt University () is a public research university based in Edinburgh, Scotland. It was established in 1821 as the School of Arts of Edinburgh, the world's first mechanics' institute, and was subsequently granted university status by roya ...

in Edinburgh, followed by an MBA in 1989 from

Syracuse University Syracuse University (informally 'Cuse or SU) is a Private university, private research university in Syracuse, New York, United States. It was established in 1870 with roots in the Methodist Episcopal Church but has been nonsectarian since 1920 ...

in New York.

Career

Borgen joined Danske Bank in 1997. In September 2013, Borgen replaced Eivind Kolding as CEO of Danske Bank. On 19 September 2018, Borgen resigned as CEO of Danske Bank.

References

{{DEFAULTSORT:Borgen, Thomas Living people 1964 births Norwegian bankers Norwegian chief executives Alumni of Heriot-Watt University Martin J. Whitman School of Management alumni People from Sarpsborg Danske Bank people