On Monday, Danish services provider ISS announced, it has hired Danske Bank’s Jacob Aarup-Andersen, as its new chief executive officer, who will assume office from September 1.

Aarup-Andersen, 42, who currently heads Danske’s Danish banking unit will replace incumbent CEO Jeff Gravenhorst who is set to retire.

ISS delivers services including cleaning and catering and is one of the world’s biggest private employers with around 470,000 employees on its roster.

Aarup-Andersen was the top pick to take over the helm of Danske Bank after the former CEO was ousted in the midst of an alleged money laundering scandal at the bank’s Estonian unit. He was however rejected by Finland’s financial regulator on the grounds that his banking experience was not sufficient.

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Tags: banking experience, CEO, Chief Executive Officer, financial regulator, HR, HRM, human resources, incumbent CEO, ISS, Jacob Aarup Andersen, Jeff Gravenhorst, money laundering, scandal, services provider