Head of OP Asset Management talks retail and Russia after tricky Q1

OP Asset Management has weathered a difficult Q1 with inflow from retail and outflow from institutional clients.

Tuomas Virtala, CEO of OP Asset Management.

Assets under management at Finland’s OP Financial Group fell by 5.7%, or EUR 6.32bn, over the first quarter, to EUR 105.51bn. Within the institutional segment, there was an outflow of EUR 240m, a bigger outflow than the firm experienced in Q1 2021, when the corresponding figure was EUR 192m.

The CEO of OP Asset Management Tuomas Virtala explains that the outflow is related to discontinued mandates.

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

Velliv dives into fintech venture

Collaboration with Upfin, the first venture fund dedicated to targeting Danish fintech companies, will give Velliv access to fintech investments also in the Nordics.

Oil services investments and inflows help BankInvest in Q1

Net inflows have exceeded expectations at BankInvest in Q1. The EUR 20bn manager has been criticized for some of the investments in its sustainable flagship product, but CEO Lars Bo Bertram is proud that the EUR 12bn fund has managed to beat its benchmark despite massive gains for oil and gas.

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