The Helsinki-based bank is merging private banking units and investment and securities advisory operations into single wealth management units in each of its four main Nordic markets, according to posts on LinkedIn that were confirmed by the bank’s spokesman.
The “simplified” organization will bring Nordea “closer to customers,” spokesman Tuomas Forsell said in an emailed reply to questions on Tuesday. The changes won’t result in job cuts, but the positions of Nordic head of private banking and Nordic head of investment and security advisory services will be eliminated, he said.
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