Nordea AM launches ESG hub in Singapore and boosts EMD team
The firm plans to hire more analysts locally to strengthen its sustainability expertise in the region
The asset management arm of financial services group Nordea is planning to open an ESG hub - its first outside its Nordic headquarters - in Singapore, in response to its growth and successes in the region, the firm announced on Wednesday.
The hub will allow NAM to be closer to clients in the Asia-Pacific region and better understand how companies are embracing sustainability in the region, Nordea Asset Management said in the statement.
Sustainability issues have gained significant interest in Asia in recent years, and investors are increasingly asking for ESG solutions. The time is right to meet that demand, Nils Bolmstrand, CEO of Nordea Asset Management, said.
NAM's local Singapore distribution office was established in 2013, and will be fully integrated with NAM's ESG-focused internal investment boutiques as well as NAM's Responsible Investments team.
The hub is slated to be launched in the latter part of 2021.
About Nordea Asset Management
Nordea is a Nordic universal bank. We are helping our customers realise their dreams and aspirations - and we have done that for 200 years. We want to make a real difference for our customers and the communities where we operate - by being a strong and personal financial partner. The Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges. Read more about us on nordea.com