Storebrand AM plans Luxembourg platform for broad European push

The EUR 73 billion asset manager hopes to conquer new European markets by establishing an investment platform that can provide scalable, sustainable solutions for clients across the continent.

Photo: Colorbox

Storebrand Asset Management wants to expand its fund offering beyond its home markets of Norway and Sweden.

In order to enter new European markets, such as the UK and the Netherlands, Norway's largest private asset manager plans to set up a Luxembourg-domiciled investment platform, CEO Jan Erik Saugestad tells AMWatch: 

"Storebrand Asset Management has built up a strong position for serving institutional clients in Norway and Sweden," he says.

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