AMWatch

OP records "a slightly more challenging" end for the year

OP Asset Management grew by over 51 percent last year, but over the fourth quarter AUM in the institutional segment fell by one percent. CEO Tuomas Virtala notes that Q4 growth derived more from new customer inflows than in previous quarters, but also from market performance.
OP Financial Group's headquarters in Helsinki, Finland and head of asset management Tuomas Virtala. | Photo: PR / OP
OP Financial Group's headquarters in Helsinki, Finland and head of asset management Tuomas Virtala. | Photo: PR / OP
by REETA ILONA PAAKKINEN

Institutional assets at OP Financial Group experienced a strong growth of 51.3 percent last year, but over the fourth quarter institutional client assets remained by and large at the same level compared to the third quarter, according to AMWatch’s calculations.

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