Sydbank A/S appointed Mads Kjølsen Olsen as its new head of asset management. Michael Andersen, left in October after 14 years in the role and 25 years at the company. Kjølsen Olsen has spent nearly 20 years at Sydbank, starting as a fixed income analyst in 2003, and has held key leadership roles in the firm's asset management department since 2008.

In his most recent position as managing director and senior vice president, he managed 15 employees and was responsible for asset allocation, including fund selection, as well as clients, pension funds and the sale of asset management agreements to institutional and larger private banking customers. Kjølsen Olsen assumed his new position as asset management head in November.