Danske Bank Wealth Management's AUM took a nosedive in Q3

Danske Wealth Management's bottom line has improved over this year's third quarter. However, total assets under management is down, mainly because of the divestment of the Swedish pension business.

Photo: Jacob Gronholt-Pedersen/Reuters/Ritzau Scanpix

Danske Bank's asset management division Wealth Management has grown its bottom line by 9 percent compared to last year and presents a net profit after tax of EUR 134.8m.

Danske Wealth Management, which is in charge of Danica Pension's asset management, investments on behalf of banking clients, and manages assets for institutional clients, has, however, seen a decline in its total AUM.

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