Fund Management

Danske’s AUM growth still lagging behind peers – outflow from institutional clients reported

With a 2.6 percent AUM growth in Q4, Danske Bank keeps lagging behind its Nordic peers, as has been the case throughout 2021. Net sales from retail clients were positive, while there was an outflow from institutional clients, the full-year report from Denmark’s largest banking group shows.
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

Assets under management at Denmark’s largest banking group grew by 2.6 percent or DKK 20.2bn (EUR 2.7bn) in Q4 to DKK 812.6bn (EUR 109.2bn). For the whole year, AUM increased by 7.9 percent.

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