Fund Management

Danske Bank Wealth Management improved AUM and profit in Q4 

Both profits and AUM grew in Q4 at Danske Bank Wealth Management, although the latter was primarily due to positive gains in financial markets. Profit was driven by "record-high performance fees", the bank reports.
Danske Wealth Management is based in Lyngby in the northern suburbs of Copenhagen. | Photo: Mogens Flindt
Danske Wealth Management is based in Lyngby in the northern suburbs of Copenhagen. | Photo: Mogens Flindt
by ANNE LOUISE HOUMANN

Q4 proved to be the strongest quarter of 2020 at Danske Bank Wealth Management when assets under management grew by 8 percent to DKK 1,765bn (EUR 237bn), while it was up by 9 percent for the whole year.

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