Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Nordea AM plans 15% staff growth and host of new funds

Nordea AM plans 15% staff growth and host of new funds

Nordea Asset Management is planning to further expand its presence in the wider European market by increasing staff numbers by as much as 15%, as well as unveiling a host of new funds and portfolio managers.

Speaking to Bloomberg, Nils Bolmstrand, who was named CEO of Nordea AM in January, said he expects to add 50 to 100 new employees this year, which would include additional analysts and portfolio managers.

Bolmstrand said the new hires would build on the 60 employees added across the asset manager in 2016, and also pave the way for new strategies, most notably under its Stars fund range.

Nordea AM has undergone several changes since the start of the year, which includes consolidating the fundamental equities team, which brought global, European and emerging market equities under one centralised house view.

In addition, the firm bolstered its much-followed multi-asset range in January with the launch of the Nordea Flexible Fixed Income Plus fund for its head of macro strategy, Karsten Bierre.

Bierre is supported by Claus Vorm, Kurt Kongsted and Asbjørn Trolle Hansen, who run the Nordea 1 – Stable Return fund, which was the biggest selling cross-border fund in 2016 despite soft-closing in September.

Bolmstrand said increased inflows into the asset management arm had driven the need to add more managers, as well as further diversifying the fund range.

An example of the continued growth in assets was seen in January when the firm soft-closed the Nordea 1 – Stable Emerging Markets Equity fund after it swelled to $1.74 billion in assets.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Luxembourg Forum

    Citywire Luxembourg Forum

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2017

    Citywire Italy 2017

  • Citywire Berlin 2017

    Citywire Berlin 2017

  • Citywire Miami 2017

    Citywire Miami 2017

  • Citywire Professional Buyer

    Citywire Professional Buyer

  • Citywire Madrid 2017

    Citywire Madrid 2017

  • Citywire Switzerland Retreat 2017

    Citywire Switzerland Retreat 2017

  • Citywire Amsterdam 2017

    Citywire Amsterdam 2017

  • Citywire Frankfurt 2017

    Citywire Frankfurt 2017

  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016