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The 400-year-old stock exchange building in Copenhagen was ravaged by fire on Tuesday. The fire that started this morning was still not under control at lunchtime. In the afternoon, the after-extinguishing could begin after the firefighters, among other things, fetched water from the port of Copenhagen.

The classic spire that adorned the historic building has collapsed, reports Danish media. At the same time, attempts have been made to save art and other valuable objects from the building.

It is currently unknown what caused the fire, but it is believed to have started near where the construction workers were working.

Renovation work was underway at the building and it was due to be completed by the autumn to celebrate the 400th anniversary of the opening of the stock exchange. The building was historically important, as one of the oldest, and considered by many to be the city’s most beautiful.

“This is like Notre-Dame all over again,” one Copenhagen resident added DR.

The online bank Avanza has appointed Gustaf Unger to new CEO, according to a press release. He has previously held senior positions at Nordea and SEB and has also been one of the co-founders of a fintech platform focused on the commercial debt market. Until now, he has also been a board member of Avanza competitor Nordnet, an assignment he is now leaving with immediate effect.

“Avanza is a pioneer in savings and during its first 25 years has developed the market not only for its nearly 2 million customers but for all Swedish savers through accessibility, a wider offer and lower prices. I am very much looking forward to contributing to further strong development where Avanza continues to shape the future in this sector, always with the customers’ best interests in mind,” says the CEO-elect in a comment.

Gustaf Unger will take up his role as soon as the management review at the Financial Supervisory Authority is completed, it says.

It has been about three months since Knut Frängsmyr took up the role but he was forced to leave after just one week. The decision was taken after a dialogue with the Financial Supervisory Authority, FI, where previous fines in connection with a conversion of Knut Frängsmyr’s private residence played a role.

“The process has become even more careful this second time, because it must not go wrong,” said Sven Hagströmer to Today’s Industry the other week.

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Once upon a time, they were as hot as any startup could be. Their watches have been worn by superstars such as Elton John, Beyonce, Lady Gaga and Princess Madeleine. Just to name a few. Triwa was big several years before Daniel Wellington had taken over the watch world and was already founded in 2007 by Ludvig Scheja and Tobias Eriksson together with Harald and Didrik Wachmeister.

Triwa sponsored, among other things, the MTV Music Awards and ensured that all artists received a watch. It did best in 2016. Then the company had a turnover of SEK 69 million and made a profit of SEK 3 million.

But after the peak year, things quickly went downhill. Turnover has fallen every year and the losses have piled up. In 2022, the turnover landed at 17.7 million with a loss of 2.2 million. Then the American turnaround expert Ryan Looysen had come in as the new CEO and would turn the company back to profit.

That was not the case, but on Monday the watch company was declared bankrupt according to the industry magazine Habit.

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Savelend’s founder and former CEO Ludwig Pettersson has passed away. The company says so in a press release.

“It is with immense sadness and consternation that we have received the news of Ludwig’s passing. Our thoughts go out to Ludwig’s family and close relatives,” says Bo Engström, chairman of the board of Savelend Group.

“You usually say that people have drive, but that is not enough when describing Ludwig, he was a primal force that leaves us all in great sadness and loss. Our main focus here and now is to take care of our employees and continue to manage the fantastic company Ludwig has led and built up during these years.”

The press release comes one day after Savelend confirmed that Ludwig Pettersson is no longer CEO and that the company is looking for a new person to lead the company forward.

He took his fintech company to First North as the “youngest CEO of the exchange” in 2021, a company he founded in 2014. Shortly thereafter, he was diagnosed with cancer. Breakit met Ludwig Pettersson in 2021. Then he told us that he continued to fight despite the illness notice.

“I have been working full-time the whole time. I refused to be on sick leave even though the doctors wanted me to. You have to be grateful that it has worked so well to work. Because in this way I have been able to keep my brain going”, he said then.

Ludwig Pettersson was only 32 years old. He is survived by his wife and two young children.

ALSO READ: Ludwig Pettersson took Savelend to the stock market – a month later the cancer news came: “I refused to be on sick leave