Storebrand AM on track to hit 2023 AUM goal despite growth slowdown

Norway's biggest asset manager notes slowed growth in the third quarter but is still satisfied with the result – and 15 percent year-on-year growth is good for any business, CEO Jan Erik Saugestad tells AMWatch. The UK pensions market is a key priority going forward.

Storebrand Asset Management's CEO Jan Erik Saugestad. | Photo: Storebrand

(Updated with additional information about domestic fund flows)

Storebrand Asset Management's CEO Jan Erik Saugestad is satisfied with the third quarter result where the Norwegian manager grew its AUM by 2 percent but concedes that a number of factors played a part in slowing down the quarterly growth compared to Q2 when the corresponding figure was 5 percent.

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