Wholesale and institutional sales dampened Nordea’s AUM recovery in Q4

While private banking provided net inflow in Q4, Nordea saw continuing outflows from wholesale distribution and institutional sales. Head of Nordea A&WM, Snorre Storset believes the outflow in 2022 will turn into inflow in 2023.

Head of Nordea Asset & Wealth Management Storre Snorset. PR / NORDEA

by ANNE LOUISE HOUMANN

At first glance, Nordea Asset & Wealth Management kept up with robust Q4 AUM growth from big Swedish peers SEB and Swedbank, around 5%.

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Wholesale and institutional sales dampened Nordea’s AUM recovery in Q4

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Nordea increased AUM in Q4 aided by acquisition and improving markets

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Front page now

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager