A EUR 60 billion fund in Sweden says age of conglomerates is fading

The Chief Executive of Sweden's Skandia explans why the insurer and pension manager is exiting operations in Norway and Denmark.

One of Sweden’s biggest insurers and pension managers says being a conglomerate with foreign operations is becoming a tougher strategy to pursue for much of the finance industry.

Frans Lindelow is the chief executive office of Skandia, which manages USD 70 billion (EUR 60.2 billion) in assets for its customers (who are also its owners).

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