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Nordea AM plans to scrap its EMD team and outsource asset class

The largest Nordic asset manager is reducing its workforce due to ”lower activities, redundant tasks and general efficiency gains.”
Nordea AM will lay off staff following the closure of its EMD team. | Photo: Nordea / PR
Nordea AM will lay off staff following the closure of its EMD team. | Photo: Nordea / PR
by KIM WIESENER

The largest asset manager in the Nordic region, Nordea AM, has decided to ditch its emerging market debt team and outsource its EMD portfolios.

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