Nordea Asset Management's new Singapore hub to capitalize on growing APAC interest in ESG

This will be the first ESG unit the manager has opened outside of the Nordics. Nordea hopes this will make the company better-equipped to deal with products related to Asia.

Snorre Storset, Head of Asset and Wealth Management at Nordea | Photo: Nordea

On Thursday, Nordea Asset Management announced that it is establishing an ESG hub in Singapore, which it expects to be in place by the end of 2021, pending a response from the Singaporean authorities.

NAM already offers ESG products in the region including the Asian Stars Equity Strategy, Emerging Stars Equity Strategy, Emerging Stars Bond Strategy and Emerging Stars Local Bond Strategy.

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