Pension fund Velliv takes harder line with Macquarie than Danske

Money laundering and cum/ex scandals have put Velliv's investments in Danske Bank and Sydney-based Macquarie on hold. In future, Velliv formerly Nordea Liv & Pension Danmark has no plans to invest in Macquarie, however, Danske Bank's chances within Velliv's investments look much brighter.

Velliv's head of responsible investments, Thomas H. Kjærgaard. | Photo: Nordea

by ANNE LOUISE HOUMANN

Danish pension fund Velliv which is in the process of severing ties to its previous owner, the big bank Nordea has put its investment in Danske Bank on hold after the bank's money-laundering crisis erupted.

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Front page now

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Further reading

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