Luxembourg-headquartered Quintet Private Bank recently announced that it had promoted experienced wealth manager Ole Jensby to CEO of its Nordic operations amid its regional expansion.
In an interview with AMWatch, the new head of the Nordics says Quintet Private Bank wants to continue investing heavily in its Nordic operations to challenge existing providers of wealth management services like major regional banks. Jensby, however, underlines that this is a long-term strategy.
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95 percent of active global high-yield managers struggle to consistently add value net of fees, according to the world's fourth-largest asset manager ahead of launching a global HY index fund. However, a recent survey by consultancy Kirstein showed a vast majority of Nordic investors preferring their HY portfolios actively managed.