Nordea loses top sell-side bankers as cuts start hitting morale

Nordea has recently lost a number of its top sell-side bankers amid complaints that management’s focus on cutting 6,000 jobs is hurting morale in key parts of the business.

Photo: /ritzau//Rune Aarestrup Pedersen

Examples of recent departures include the head of fixed income at Nordea Markets, Torben Pedersen.

He’s in the process of starting his own hedge fund with Erik Bo Hansen, who used to be Nordea’s head of global trading at its fixed-income, currencies and commodities unit. The chief sales manager at Nordea Markets, Bjarne Hammeken, left to work for the Danish fund HP Fondsmaeglerselskab. Jan Erik Nilsen, who used to be the head of fixed-income sales at Nordea Markets in Oslo, left for a similar role at SEB AB, a competing Swedish bank.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Velliv dives into fintech venture

Collaboration with Upfin, the first venture fund dedicated to targeting Danish fintech companies, will give Velliv access to fintech investments also in the Nordics.

Oil services investments and inflows help BankInvest in Q1

Net inflows have exceeded expectations at BankInvest in Q1. The EUR 20bn manager has been criticized for some of the investments in its sustainable flagship product, but CEO Lars Bo Bertram is proud that the EUR 12bn fund has managed to beat its benchmark despite massive gains for oil and gas.

Further reading

Latest news

AMWatch job

See all jobs

See all jobs

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch