More institutionals opting to manage own investments, says Danske Wealth

Last year, Danske Bank's wealth management unit said goodbye to a few large-scale investors, because they preferred in-house management, Jacob Aarup-Andersen, the unit's chief tells AMWatch's sister site FinansWatch.

Jacob Aarup-Andersen, Head of Danske's wealth management unit. | Photo: PR / Danske Bank

Danske's wealth management unit has had to wave farewell to a couple of large customers, because they preferred to manage their own investments.

"In 2018 we experienced a few large institutional investors deciding to insource their investment mandates. It's a trend we've seen over the last few years, and in 2018 it was more pronounced," sJacob Aarup-Andersen, head of Danske Wealth Management, tells FinansWatch.

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