Danske Bank's wealth management continues weak growth
Despite an extraordinary drop in goodwill after the purchase of SEB Pension Danmark, the underlying fees continued to trickle in to Danske Bank Wealth Management in the final quarter of 2019.
When the whole year is considered, the 2019 result is more than satisfactory for Danske Bank Wealth Management (WM). The division includes both Danica Pension as well as the more traditional asset management department formerly called Danske Capital. But under the surface, the business is still continuing its weak development.
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