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Danske's Wealth Management shows net outflow of DKK 9.6 billion

Assets sales are dwindling at Danske Wealth Management. Net sales ended with an outflow of DKK 9.6 billion in the first three quarters of 2018 -- as opposed to a net inflow last year.

Photo: PR Danske Bank

Chances are that head of asset management in Danske Wealth Management, Henrik Gade Jepsen, is less than content with sales of assets in the first three quarters of 2018.

Danske Bank says it saw an outflow of DKK 9.6 billion (EUR 1.3 billion) versus a net inflow of DKK 11 billion (Euro 1.5 billion) in the first three quarters last year in the bank's wealth management unit.

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