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Nordea AM temporarily halts investment in Danske Bank shares

Nordea Asset Management, the largest asset manager in the Nordics, has had a halt on all investments in Danske Bank shares due to a developing money-laundering case since early summer, the head of responsible investments tells newspaper Svenska Dagbladet.

Photo: Jens Nørgaard Larsen/ Ritzau Scanpix

Several months ago, Nordea Asset Management decided to halt all new investments in Danske Bank shares, due to a developing money-laundering scandal in the Danish bank's Estonian branch.

"Money-laundering and compliance are important factors when we evaluate banks, and that's why we quarantined Danske Bank before the summer," Katarina Hammar, head of responsible investments at Nordea Asset Managment, tells Swedish newspaper Svenska Dagbladet.

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