SpareBank 1 SMN : SpareBank 1 Markets moves into asset management
(Thomson Reuters ONE) -
Asset management will be established as a new business unit in SpareBank 1
Markets. The new unit will be based on existing specialist environments in
Trondheim and Tromsø.
SpareBank 1 Markets acquires Allegro Kapitalforvaltning in Trondheim and
SpareBank 1 Nord-Norge Forvaltning in Tromsø from SpareBank 1 SMN and SpareBank
1 Nord-Norge respectively. The acquired companies will be merged and will
spearhead SpareBank 1 Markets' asset management business. The new business unit
will have combined AUM of approximately 10 NOK billion.
- Asset management is a new and existing business area for us, and will
supplement SpareBank 1 Markets' product palette. I am convinced this will
further strengthen the specialist environments in Trondheim and Tromsø, which is
where the specialist competence within asset management exists, says CEO of
SpareBank 1 Markets Stein Husby.
The merged asset management company will apply for a fund management license to
further develop products and services for our customers. The acquired companies
have discretionary investment management licences in place.
- In addition to this new business unit, SpareBank 1 Market has announced the
signing of several experienced professionals from Swedbank Norge. These
strategic measures combined strengthens our position in capital markets space
significantly, says Mr. Husby.
SpareBank 1 SMN is the largest shareholder in SpareBank 1 Markets, holding 74 %
of the shares.
Oslo, 27 February 2017
Contact details:
Stein Husby, CEO SpareBank 1 Markets, tel 414 02 591
Kjell Fordal, CFO SpareBank 1 SMN, tel 905 41 672
Hans Tronstad, Director of communications SpareBank 1 SMN, tel 941 78 322
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SpareBank 1 SMN via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 27.02.2017 - 09:00 Uhr
Sprache: Deutsch
News-ID 526641
Anzahl Zeichen: 2416
contact information:
Town:
Trondheim
Kategorie:
Business News
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