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Danske Bank CEO: Things are going in the right direction for asset management

For the first time in years, Danske has experienced net inflows to its retail funds in Denmark. The bank's CEO, Carsten Egeriis, expects more time to talk to customers about their investments, as they have been preoccupied with the bank's scandals in recent years.

Danske Bank's new CEO, Carsten Egeriis, took over who took over in in April after his predecessor stepped down due to a money laundering investigation. | Photo: Stine Bidstrup/EXPLORER

It's no secret that Danske Bank has been struggling to grow its asset management business in recent years. Retail clients in particular have been affected by the scandals involving the bank in recent years. They have also made their mark on its AUM growth, which is increasing more slowly than at Danske's Nordic peers.

In 2020, Danske Asset Management grew its assets under management by 3.4 percent, while an average of 12 of the largest Nordic asset managers saw an increase of 7.2 percent, AMWatch's research shows.

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