SEB Investment Management CEO wants sales to improve – but is pleased with increased AUM

Operating income rose by 25 percent compared to last quarter and a strong stock market development has contributed to an increase in assets under management for SEB's fund division. Net sales for discretionary mandates were also positive, but SEB Investment Management CEO Javiera Ragnartz tells AMWatch she hopes fund sales will improve.

SEB Investment Management's CEO Javiera Ragnartz | Photo: Pressebillede, AMF

The fund division of Nordic banking giant SEB managed to generate an increase in assets under management of 5 percent compared to the last quarter of 2020 and 25 percent over the last 12 months.

Wednesday's published Q1 figures showed an increase to SEK 706bn (EUR 69.7bn) from the Q4 numbers of SEK 672bn (EUR 66.4bn), as reported by AMWatch.

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