Nordea lost big mandate in Q3 - but executive finds bright spots

Nordea lost one big institutional mandate in the third quarter, but other units cushioned the blow, says head of Asset & Wealth Management Snorre Storset.

Snorre Storset, head of asset & wealth management at Nordea.

by SØREN RATHLOU TOP

Nordea Asset & Wealth Management lost a billion-euro global equity mandate in the third quarter. The lost mandate does not stand alone, and institutional sales ended Q3 with a net outflow of EUR 3.4bn.

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Nordea lost big mandate in Q3 - but executive finds bright spots

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Nordea hits lowest AUM figure in two years

Nordea's private banking sees all-time high inflow in Q2 - but outflow impacts asset management

US mandate spearheads Q2 inflows at Nordea

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Front page now

Nordic Alpha Partners reels in international investment giants for second fund

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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