AMWatch

Nykredit Wealth Management attracted new capital in Q1

In contrast to domestic peers Nordea and Danske Bank, Nykredit Wealth Management showed positive net sales during the first quarter. Group CEO Michael Rasmussen is "very happy" about the purchase of Danish asset manager Sparinvest, which contributed to inflows.

Photo: Thomas Borberg/Ritzau Scanpix

Nykredit Wealth Management has achieved positive net sales during the first quarter of 2020 - something that neither Danske Bank nor Nordea managed to do.

Nykredit's asset management department brought in EUR 15.4 million (DKK 115 million) before taxes in the first quarter - up from EUR 14.3 million (DKK 107 million) during the same period last year.

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