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Head of Nykredit WM sees "no segments where things are going badly"

Net sales at Nykredit WM more than doubled in the third quarter, boosted by three large institutional mandates. When it comes to retail segments, Peter Kjærgaard, head of Nykredit Wealth Management, is especially happy about the inflows from Nykredit's wealthier Private Banking clients and retail inflows from the Sparinvest partner banks.

Peter Kjærgaard, head of Nykredit Wealth Management. | Photo: Stine Bidstrup/ERH

While the third quarter has shown continued growth in assets under management among Nordic asset managers, the majority have struggled to keep up the pace from Q2.

However, Nykredit is one of the exceptions, as Denmark's second-largest asset manager saw net sales increase to DKK 14bn (1.9bn) from DKK 5.5bn (EUR 740m) in the second quarter.

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