Nordea silent about possible consequences of job cuts on Asset Management

Nordea Asset Management, which was separated from the rest of Nordea into a separate legal unit a few months ago, declines to comment on whether the recently announced firings in Nordea will also affect Nordea Asset Management.


About 6,000 employees and consultants will be leaving Nordea over the next four years, the largest Nordic bank said last week. Nordea currently has some 32,000 full-time employees.

However, the bank is unwilling to talk about how the severe job cuts will affect its money management unit, Nordea Asset Management.

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