A perfect storm has hit Nordic business developers

While COVID-19 cancels Nordic business developers' direct interaction with potential clients, market turmoil has unleased the bear from its slumber, resulting in limited time and interest to discuss new investment ideas. Two regional heads tell AMWatch how they cope with the challenging environment.

(left-right) Ulrik Holm Oxfeldt and Henrik Jonsson. They are leading the Nordic region for Columbia Threadneedle and Schroders, respectilly | Photo: PR / Columbia Threadneedle & Schroders

US author Sebastian Junger’s 1997 novel The Perfect Storm is, despite its status as a bestseller, probably best known today for the idiom taken from the title. A perfect storm is a rare combination of events or circumstances which, when combined, create an unusually dreadful situation.

The combination of the coronavirus and historic market turmoil has created such an event for business developers at some of the world's largest asset managers.

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