Reykjavík-based Islandbanki-FBA plans to get into wealth management in Denmark via a link-up with Danish partners.

The new initiative is led by departed senior managers from top Danish banks such as Unibank and BG Bank. FBA, Iceland's largest bank, hopes to become a minority owner in any joint venture resulting from the talks, said Svanbjörn Thoroddsen, managing director of business development at FBA.