S-Bank buys insurer's asset management and real estate units

Real estate is becoming one of the fastest growing asset classes, says S-Bank, which announced today that it is acquiring Fennia's asset management and real estate investment operations.
Hanna Porkka, EVP and Head of Wealth Management at S-Bank. | Photo: PR / S Bank
Hanna Porkka, EVP and Head of Wealth Management at S-Bank. | Photo: PR / S Bank

S-Bank is becoming one of the largest real estate asset managers in Finland by purchasing insurance group Fennia’s asset management and real estate investment operations. The companies announced the upcoming acquisition, which is pending regulatory approval, today.

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