Fund Management

SEB hampered by one client withdrawing SEK 30bn in Q2

Several things have contributed to SEB seeing its asset under management dropping by a whopping 13.7% in the second quarter, CEO Johan Torgeby tells AMWatch.
Johan Torgeby, president and CEO at SEB. | Photo: PR/ SEB
Johan Torgeby, president and CEO at SEB. | Photo: PR/ SEB
by ANNE LOUISE HOUMANN

Sweden’s largest asset manager saw assets under management declining by 13.7%, and different things have contributed to what is currently the largest drop between the three Nordic asset managers that have reported Q2 figures so far.

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