The global investment management industry faces increasing competition and greater complexity. In the recurrent CXO Corner relay column, we ask top executives to point the way ahead, sharing their views and best practices for meeting the challenges. This time, we interview Lars Eigen Møller, Executive Vice President, Deputy Head of Investments & Solutions, Danske Bank Asset Management.
Journal: A long career in the financial services industry took you to Danske Bank in 1990 after one year with HandelsBanken. Can you tell us about this journey?
Lars Eigen Møller: When I graduated as an economist, I did not see it coming that I would end up spending more than 30 years with Danske Bank. Joining the financial sector - or the public sector for that matter - was simply not on my radar at that time. However, despite all my intentions, I was persuaded to start as a fixed income portfolio manager at Handelsbanken and I have never looked back since I embarked on that career path.
Over the years, I have had the pleasure of working with highly competent and ambitious colleagues at Danske Bank, many of whom have also had an amazing career. And as I have taken on more and more responsibility, setting the direction for and being part of a high-performing team has been extremely inspiring and is probably also one of the main reasons why I have stayed here so long.
After taking on new roles on a regular basis over the last four years, I’m now back in a more familiar position as Deputy Head in Investments & Solutions in Danske Bank Wealth Management, focusing on the execution of our overall strategy and a range of strategic projects. In this job, I’m able to leverage my long experience with the company in several ways. While I know every detail of the organization, our platform, and our products, I can also step back and look at things in a helicopter perspective. This is what it takes to think strategically and at the same time know what is feasible.
Journal: What is your key motivational driver?
Lars Eigen Møller: My main driver is creating results in cooperation with others. It gives me great satisfaction to experience that together we can make a difference. Over time, I have realized that this can happen in many different situations. What matters is working together with dedicated and enthusiastic people who share a common goal or vision.
I have always seen it as a privilege and source of motivation to engage in business development projects that involve a large group of people with complimentary skills. Innovating a new product takes a wide variety of competences, ranging from portfolio management to risk management, user experience and administrative setup, just to mention some.