Swedish private bank puts data in the driver's seat for investment insights

Erik Penser Bank ditches top economist role in favor of an outside data feed. The market trades on data, not economists' views, says the bank's asset management chief.

Photo: Erik Penser Bank/PR

Stockholm-based private bank Erik Penser Bank has decided to replace the role of chief economist with an external data provider.

Its asset management arm, which oversees roughly EUR 6bn (USD 7bn), is turning to Macrobond Financial AB to provide it with investment insights rather than putting its faith in the views of a human economist, according to the unit’s head Jonas Thulin.

Already a subscriber? Log in.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Wide range of AUM declines among Nordic asset managers in Q2

Q2 OVERVIEW: Although the three best-performing Q1 managers have yet to release figures for this period, AMWatch’s preliminary overview suggests that the results are reflective of local market conditions, where two countries had a clear advantage.

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

AMWatch job

See all jobs

See all jobs

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch