Denmark's Danske Bank has appointed a new CEO in the wake of the Estonian money-laundering scandal.

Chris Vogelzang was at Dutch bank ABN AMRO between 2000 and 2017, the last eight years as a member of the bank's management board and head of its global retail and private banking activities.

Previous Danske CEO Thomas Borgen quit in February.

He was found to have done nothing wrong, but accepted responsibility for $234bn of fraudulent transactions in Estonia.

"We have a big task ahead of us in continuing to rebuild trust and at the same time developing our business in pace with customer expectations and the technological development to ensure that we remain a leading Nordic bank," said Karsten Dybvad, Danske Bank chairman.

Vogelzang will take up his position as CEO on 1 June 2019.

Interim CEO Jesper Nielsen will then continue in his current position as head of Banking DK and member of the executive board.