Top Nordic AM exec: "Small acquisition opportunities make no sense to us"

Nordea Wealth Management once again grew in terms of managed assets, surpassing EUR 300bn in the first quarter. The size alone makes acquisitions in Denmark uninteresting. 
Norwegian Snorre Storset (48) became head of wealth management at Nordea in 2016.
Norwegian Snorre Storset (48) became head of wealth management at Nordea in 2016.
BY SIMON RICHARD NIELSEN, FINANSWATCH

New regulation and technology make it harder still for small and medium-sized asset managers to run a profitable business with future growth.

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