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Totalkredit managing director to retire

Troels Bülow-Olsen, Totalkredit A/S' managing director since 2007, will retire by the end of April.

Bülow-Olsen has been with the Danish mortgage lender since it was founded in 1990. The company said Camilla Holm will remain on its executive board and that a recruitment process has begun to find a potential replacement for Bülow-Olsen.

Nykredit A/S is the ultimate parent of Totalkredit.