AMWatch

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Nordea Markets demands individual skills audits from staff amid job cuts

Against the background of Nordea having announced plans to axe 6,000 jobs, the unit Nordea Markets is now requiring its employees to list their competencies, job plans and existing work functions. But the group insists the exercise is not part of its efforts to reduce staff numbers.

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Swedish pension fund proposes raising pensions awareness in parliament

Sweden's AP3 has come up with an idea that it says would let more Swedes know about their pension system. The government’s annual evaluation of the state pension buffer funds could be elevated into a public hearing about the whole system in the country’s parliament, the Riksdag, it says.

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Lawyers call for Danish real estate bond comeback

The much-criticized financing concept that has been been left unexploited in Denmark since the financial crisis, has benefits that investors in Norway and Sweden can easily spot, says law firm Bech Bruun.

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ATP venture fund VIA ranks second in Europe for equity returns

Sky-high returns on its investment in Nets have pushed the Danish-based equity fund VIA Equity to second place in a new Preqin ranking. Both in Europe and globally, the ATP and PFA-backed fund has a strong position in terms of returns thanks to a conservative investment strategy, the CEO says.

Swedish investor triples money with Danske Bank stake

Cevian Capital has just sold the last of the Danske Bank equities it bought back in 2010, realising a huge profit on its investment. Investment opportunities are still to be had among Swedish or European banking shares, the Swedish investment firm says.

Nykredit crowned best private bank in Denmark

Both Nordea and Danske Bank have been beaten by Nykredit when it comes to serving successful entrepreneurs in Denmark. Two magazines owned by the Financial Times have crowned Nykredit as the best private bank in Denmark, but named Nordea once more as champion of the Nordics in the same category.

Danish pension fund joins Copenhagen Fintech

Industry organisation Copenhagen Fintech has now entered into an agreement with a pension company, and with that, its board of managers is gaining wider coverage of the financial sector. The company has already set up a specific fintech startup.

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New MP Pension CIO welcomes more time for investment

Anders Schelde knows he is in for a big change in his working environment with his shift to a Danish member-owned pension fund from Nordic financial giant Nordea. AMWatch spoke to the new CIO at MP Pension about profit ambitions, asset allocations, and ESG.

Sweden's Alecta aims for 40 percent real estate assets boost

Already a major property investor, Sweden's largest pension company Alecta has no plans to rein in its ambitions. Chief executive Magnus Billing tells AMWatch sister-site EjendomsWatch which Nordic countries show potential, and why foreign real estate is better bought through funds and partners than.

"I told them I wanted to be a boss when I grew up"

Career Path: Olaug Svarva, chief executive of Folketrygdfondet, the manager of the Norwegian Government Pension Fund Norway (GPFN), has now decided to leave the organization to look for new opportunities. After 12 years at the fund's helm, she tells AMWatch how she got started on her path to the top.

Keva turns corner as pension payouts outweigh contributions

Finland's biggest pension fund, with more than EUR 50 billion of assets, has turned a crucial corner which puts more pressure on its investment team: Pensions paid out of the local government pension fund are set to outweigh contributions this year for the first time.

Danish equity manager feels the heat in London as Brexit looms

Quitting Danske Capital back in 2014 for the lights of London's financial hub, John William Olsen could not have guessed the City would be shrouded with uncertainty over Brexit two years later. But something good could come from all the pressure, he says.

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Nordea to adopt expanded systematic internaliser role from early 2018

Mifid II is almost a reality by now, and getting ready for it is everybody's challenge these days. Scandinavia's largest bank, Nordea, has decided to adopt an expanded Systematic Internaliser role, embracing more products than actually necessary many months in advance of the required deadline.

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Asset manager hires new Nordic head

An international asset manager has revealed its new head of the Nordics: A Swede with extensive experience after 17 years in Fidelity International.

PFA chief applauds new longevity numbers from FSA

PFA is abreast of the Danish Financial Supervisory Agency (FSA)’s guidelines and has changed the way the company estimates its customers’ future life expectancies, even though it shaves off a significant portion of the collective bonus potential.

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