Storebrand wants to grow AUM by NOK 250bn after gaining market shares in Sweden and Norway

Storebrand AM's sustainability approach has contributed to increased market shares in Sweden and Norway. Now the Norwegian investment manager wants to grow its AUM by NOK 250bn within the next three years while aiming to preserve profit margins, CEO Jan Erik Saugestad tells AMWatch. (Corrected)

Storebrand AM CEO Jan Erik Saugestad | Photo: PR / Storebrand AM

(Corrected March 4 at 9:35 CET: The first paragraph inaccurately reported that AUM grew by 8 percent in 2020. The correct number is 15.7 percent. We apologize for the misinformation)

Storebrand Asset Management saw its AUM grow by roughly NOK 42bn (EUR 4.1bn) to NOK 962bn (EUR 94.2bn) in the fourth quarter of 2020, representing a 4.6-percent increase. For the year as whole, AUM grew by NOK 131bn (EUR 9bn) – a 8-percent surge – NOK 52bn of which stems from net inflow.

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