AMWatch

Nykredit WM aims to spur growth through partner banks with solutions in Sparinvest wrapping       

Last year, Nykredit bought Sparinvest from a range of local and regional banks that Nykredit already collaborates with through its mortgage business. Now, Nykredit plans to grow its wealth management business strongly, thereby benefiting from the Sparinvest platform, Peter Kjærgaard, head of Nykredit Wealth Management, tells AMWatch.

Peter Kjærgaard, CEO at Nykredit Wealth Management. | Photo: Stine Bidstrup/ERH

One year ago in September, mortgage bank group Nykredit got the official approval to buy 75 percent of independent fund manager Sparinvest from 49 Danish banks.

Since then, the parties have been busy integrating the now DKK 100bn (EUR 13.4bn) manager into the just over twice as big Nykredit Wealth Management – now totaling AUM of DKK 325bn (EUR 43.7bn).

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