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Norwegian bank alliance finds fund distribution partner

An alliance of ten Norwegian banks has found new partners for the distribution of fund and pension products.

Bjørn Asle Hynne, board member at Lokalbank and Managing director, Aasen Sparebank. | Photo: Aasen Sparebank

The Lokalbank alliance, which is made up of 10 Norwegian savings banks that have split off from Eike Gruppen, have entered into a partnership with online broker Norne Securities for fund distribution and Nordea Liv for the distribution of pension products.

One of the banks already had an agreement with Norne over online stock trading, and this is now being extended to apply to all Lokalbank fund solutions.

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