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Ethics

Norwegian oil fund manager defends voting rights for investors

The manager of Norway’s giant sovereign wealth fund is using its influence to shore up voting rights for listed equities. In public letters to both index provider MSCI and the Hong Kong Exchange, equities CIO Petter Johnsen has spoken out to ward off any erosion of investor protection internationally.

Nordea axes communications role in Luxembourg

Nordea is scrapping the role of head of communications at its Luxembourg subsidiary, and has moved Jonas Torp -- who has been in the job up to now -- to a different position within the financial services group. The Luxembourg unit played a key role in the bank’s involvement in the Panama Papers scandal last year.

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