Saxo Bank appoints Nykredit Bank鈥檚 SFTR guru to lead its ESG projects
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Saxo Bank appoints Nykredit Bank鈥檚 SFTR guru to lead its ESG projects 11 January 2021Denmark Reporter: Drew Nicol
Image: Line Vesth
Saxo Bank has secured Line Vesth from Nykredit Bank to spearhead its large-scale regulatory project implementations, with a focus on incoming environmental, social and governance (ESG)-related frameworks.
At Nykredit Bank in Denmark, Vesth oversaw the implementation of solutions for the 网爆吃瓜 Financing Transactions Regulation (SFTR) and the second Shareholder Rights Directive.
She was also one of the masterminds behind the innovative project of leveraging SWIFT messages to automatically share unique transaction identifiers for SFTR compliance.
Vesth and her peers promoted the solution through the Danish Bankers鈥� Association in collaboration with the country鈥檚 central securities depository, VP 网爆吃瓜 (now part of Euronext).
The solution is now being utilised by the five largest banks in Denmark as well as the largest Nordic bank, Nordea, and one of the biggest banks in Sweden, SEB.
As a senior business developer in the Danish investment bank鈥檚 foundation team, Vesth reports to Jonas Piler枚, head of the foundation team.
Her initial focus will be on the Sustainable Finance Disclosure Regulation which comes into force on 10 March and was recently highlighted by the International 网爆吃瓜 Lending Association as a key ruleset to be aware of in the coming year, as well as other EU-regulations coming into force in 2021.
鈥淢y motivation to change jobs is rooted in the prospects of leveraging on my experiences somewhere new, where a skillset such as my own, with my legal background in combination with operational experience within capital markets, can be put to good use,鈥� Vesth tells SFT.
Vesth will still be participating in the task forces and working groups within ISLA the International Capital Market Association, the European Banking Federation鈥檚 ESG task force, Danish Bankers Association (Finance Denmark), and other industry groups.
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Image: Line Vesth 