Banks find it difficult to meet demand for alternatives

Banking customers are increasingly requesting green and alternative investments, but the banks have a difficult time keeping up with the demand, shows a new report from two consulting firms.

"Many banks and asset managers have expressed concerns that they will be unable to meet customers' demand for alternative investments on the short term. There is a lot of interest in finding alternatives to equity with better returns than bonds," says COO at Kirstein Jan Willers.

More and more of banks' customers want their money invested in green investments, but banks have found it difficult to meet the demand, shows a survey of 20 Nordic banks and asset managers, which was conducted by consulting firms Simon-Kucher & Partners and Kirstein.

"Customers' interest in alternative investments has grown noticeably since 2018. The increased interest includes both green investments and investments in infrastructure and private market funds. The development is due to the need to find other investment opportunities than listed equity and bonds. More awareness of the need for sustainable solutions has also led to an increase in the interest in green, alternative investments," the companies write in a press release.

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