AMWatch

Prospera: Handelsbanken keeps top position – SEB out of top five

Handelsbanken' asset management arm has once again been crowned best provider of external asset management in Sweden by domestic investors.

Photo: PR/Handelsbanken

During the first quarter, Handelsbanken outpaced its Nordic peers by being the only asset manager with double-digit AUM growth, as reported in AMWatch's quarterly comparison of AUM growth at the largest asset managers.

Today, more good news has come the Swedish bank's way, as 141 investors have ranked Handelsbanken Asset Management the best provider of external asset management in Sweden, according to the annual survey by market intelligence firm Propsera.

This is the third consecutive year Handelsbanken has been number one, and its score of 4.07 is up from 3.94 last year.

"We were especially excited to see what the results would be this year, given the extraordinary circumstances. It is so gratifying to see that our customers appreciate what we are doing in the long term. There is such fierce competition, there are new ways of working, and the markets have presented some complex challenges," says Handelsbanken Head of Institutional Sales, Nils Jutterström, in a statement.

Never been happier about second place

Cliens and Storebrand Asset Management share the second and third positions having obtained a tied score of 4.01.

At Cliens, which has roughly SEK 18bn (EUR 1.8bn) in AUM, head of sales and marketing Tomas Henriks says in a statement that "the firm has probably never been happier about a second place" and is excited about the manager coming in first in some of the 13 categories, including track record, managerial competence and reporting.

However, he also acknowledges that some categories are more difficult to compete in for the smaller asset managers compared to the big banks.

"The category where we have placed further down is mainly Brand Strength, where for natural reasons it is difficult for us to assert ourselves because the competition largely consists of well-known banks and insurance companies, but what makes us most proud is that, for the third time in five years, we are the asset management organization that most institutional clients say they recommend to others. In a way, this gives us a top rating that captures the entire customer experience with us," he says.

SEB out of top five

The next companies on the 2021 list are Öhman (3.91) and C Worldwide AM (3.87), which also featured in top five last year.

Cliens replaces Sweden's largest manager SEB, which is out of the top five in 2021.

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