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# Danske Bank Appoints Cecile Hillary as CFO as Stephan Engels Retires After Nearly Five Years
- URL: https://www.theglobalbanker.com/danske-bank-cecile-hillary-cfo-stephan-engels-retires-march-2025/
- Published: 2025-03-01T15:15:00.000Z
- Updated: 2026-10-02T13:48:17.000Z
- Description: Cecile Hillary joined Danske Bank as chief financial officer on 1 March 2025, succeeding Stephan Engels who retired after nearly five years at the Danish lender.
- Author: TGB Editorial Team
- Tags: Executive Moves, Europe, #archive

Cecile Hillary assumed the role of chief financial officer at Danske Bank on 1 March 2025\. Hillary joins from Lloyds Banking Group, where she served as Group Treasurer. 

She succeeds Stephan Engels, who has retired. Engels leaves the bank after almost five years as CFO.

#### BACKGROUND AT LLOYDS

As Group Treasurer at Lloyds Banking Group, Hillary was responsible for the institution's funding, liquidity, and capital position. 

Danske Bank is headquartered in Copenhagen and operates in Denmark, Sweden, Norway, Finland and Northern Ireland. 

#### ENGELS RETIRES AFTER NEARLY FIVE YEARS

Stephan Engels, 62, retires after joining Danske Bank's Executive Leadership Team in April 2020\. He joined as CFO while the bank was still dealing with the fallout of its Estonian money-laundering case.

Hillary joins Danske Bank's Executive Leadership Team.