With the merger between Mandatum and Danske Capital, the Danske Bank Group can now offer the best selection of external investment managers in the Nordic Region. For the customers this means a better selection of investment funds in areas such as the US, Emerging Markets, Japan and China. For the bank it means that the open architecture in the investment area gets a stronger foundation.
“Most other Nordic and European banks still manage all assets in-house, but Danske Capital and Mandatum have both outsourced significant amounts to external managers. There is a perfect strategic fit in this area. The outsourcing is the consequence of a strategy to focus on management of Nordic, European and Eastern European portfolios, where we have the competences to be among the best. The remaining investment areas are outsourced to managers, who are world class when it comes to US, Japanese, Chinese or Emerging Markets assets,” says Henrik Bak, Head of Institutional Sales at Danske Capital.
The external managers act as subadvisers to Sampo Bank’s and Danske Bank’s own fund families, Sampo Fund and Danske Fund. After the merger the total amount outsourced to external managers is approx. 8,5 billion Euro.