Danske Bank withdraws from Norwegian retail market

As part of Danske Bank’s new strategy, Forward ’28, Denmark’s largest banking group will sell off its Norwegian personal customer business which has a market share of 6.1%.

Carsten Egeriis, CEO at Danske Bank is presenting the bank's Forward '28 strategy today. | Photo: Pr/danske Bank

by simon lund christiansen and anne louise houmann, translated by christian radich hoffman

Danske Bank will withdraw from the personal customers market in Norway but maintains its presence for business clients and institutional customers.

Already a subscriber?Log in here

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.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

ATP urges Danske to improve retail business outside Denmark
For subscribers
Nykredit surpasses Danske Invest on Danish retail fund market
For subscribers
Danske AM wins broad range of mandates to end streak of outflows
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Nicolai Tangen, CEO of the oil fund. | Foto: NBIM / PR

Responsible Investing

Oil fund invests in UK wind farm

NBIM has invested in its third offshore wind farm.

For subscribers

Tord Gransbo (left) and government minister Niklas Wykman at Monday's press briefing on the AP buffer funds. | Foto: Regeringskansliet / PR

Pension

Review suggests Sweden's AP6 should remain separate – and contribute to other AP funds

For subscribers

Hilde Nødseth, CEO of Borea Asset Management. | Foto: Borea Asset Management

Fund Management

Norwegian banking group acquires 70% of Borea Asset Management

For subscribers

Max Frydén is joining Cliens Kapitalförvaltning from Danske Invest. | Foto: PR/Danske Bank

People

Swedish fund manager bolsters small cap team with hire from Danske

For subscribers

Hasse Jørgensen has been CEO of the pension company Sampension since 2010. | Foto: Pr/sampension

AMWatch

Sampension calls for revival of public-private collaboration model

For subscribers

AMNews

OP sees recovery in risk appetite and comeback of equity investing

For subscribers

Analysis: The end of the entrepreneur era in Nordic asset management
The race is on for mergers and acquisitions. A wave of consolidations in the Nordic asset management industry marks the end of a history with the rise and fall of pioneers and rebels.
For subscribers
Swedish fund agency denies being "biased" after first selection for premium pension platform
Following a fairly modest start in terms of size, the Swedish Fund Selection Agency is now looking to procure some very large fund categories for the country’s premium pension platform.
For subscribers
The Swedish government appoints Sjöstrand’s successor to lead upcoming procurements
The new chair, Mats Dillén, will lead the procurement of funds for Sweden’s premium pension platform.
For subscribers
Tesla AGM sees defeats for Nordic investors on CEO pay package and workers’ rights
Swedish pension funds AMF and AP7 and Norway’s Oil Fund say they will continue to hold shares in Tesla despite concerns over corporate governance.
For subscribers
Relatives and acquaintances of Verdane employee charged with insider trading
None of the accused plead guilty, according to Norwegian media DN.
For subscribers
Alfred Berg on growth trend: "We are pinching ourselves"
The Nordic manager is experiencing “even stronger growth” in AUM and net subscriptions this year after a strong 2023 in Norway, director of institutional clients Kristoffer Sønnervik tells AMWatch.
For subscribers

Swedish fund manager bolsters small cap team with hire from Danske

An experienced Swedish equity manager is moving from one of the largest asset managers in the Nordics to join a top-performing small-cap fund.

For subscribers

Pension

Review suggests Sweden's AP6 should remain separate – and contribute to other AP funds

The other buffer funds in Sweden’s pension system should be able to take advantage of AP6’s work, the review suggests. The CEO of AP6 is satisfied with the review’s conclusions, she tells AMWatch.

For subscribers

Fund Management

Norwegian banking group acquires 70% of Borea Asset Management

”This is an exciting opportunity for us,” says the Borea CEO.

For subscribers

Flemming Højbo writes analyses for AMWatch about the Nordic asset and wealth management sector. Højbo was head of communications in the asset management industry for 15 years, and before that, he worked for 25 years as a financial and business reporter and as an editor. | Photo: Pr / Jan Bjarke Mindegaard

Fund Management

Analysis: The end of the entrepreneur era in Nordic asset management

The race is on for mergers and acquisitions. A wave of consolidations in the Nordic asset management industry marks the end of a history with the rise and fall of pioneers and rebels.

For subscribers

Verdane's offices in Oslo, Norway. | Foto: Skjermbilde Google Maps

AMWatch

Relatives and acquaintances of Verdane employee charged with insider trading

None of the accused plead guilty, according to Norwegian media DN.

For subscribers

AMNews

OP sees recovery in risk appetite and comeback of equity investing

Hanna Porkka, executive vice president, wealth management at Finland’s OP Financial Group says risk appetite of Finnish households has grown since early 2024.

For subscribers

Danske Bank withdraws from Norwegian retail market

Read the whole article

With your free trial you get:

Get full access for you and your coworkers

Share article

Related articles

ATP urges Danske to improve retail business outside Denmark

Nykredit surpasses Danske Invest on Danish retail fund market

Danske AM wins broad range of mandates to end streak of outflows

Sign up for our newsletter

Front page now

Oil fund invests in UK wind farm

Review suggests Sweden's AP6 should remain separate – and contribute to other AP funds

Norwegian banking group acquires 70% of Borea Asset Management

Swedish fund manager bolsters small cap team with hire from Danske

Sampension calls for revival of public-private collaboration model

OP sees recovery in risk appetite and comeback of equity investing

Analysis: The end of the entrepreneur era in Nordic asset management

Swedish fund agency denies being "biased" after first selection for premium pension platform

The Swedish government appoints Sjöstrand’s successor to lead upcoming procurements

Tesla AGM sees defeats for Nordic investors on CEO pay package and workers’ rights

Relatives and acquaintances of Verdane employee charged with insider trading

Alfred Berg on growth trend: "We are pinching ourselves"

Further reading

Swedish fund manager bolsters small cap team with hire from Danske

Review suggests Sweden's AP6 should remain separate – and contribute to other AP funds

Norwegian banking group acquires 70% of Borea Asset Management

Analysis: The end of the entrepreneur era in Nordic asset management

Relatives and acquaintances of Verdane employee charged with insider trading

OP sees recovery in risk appetite and comeback of equity investing