Catella takes Swedbank AM man to head Lux Wealth Management
Catella Wealth Management has appointed Swedbank’s former managing director of Asset Management Dennis Nygren to head the business in Luxembourg.
Nygren has worked for some 15 years in private banking as part of his overall experience in international banking. He has also held the roles of head of private banking at SEB Sweden and head of sales at SEB Life.
Joining Nygren as senior relationship managers are Olle Lindfors, Carl Kinell and Alexander Håkansson. The too formerly worked at Swedbank Asset Management in Luxembourg, and have experience in international private banking.
Catella as an overall business group also offers investment advice and asset management in Luxembourg and Sweden, but in the banking business area is focused on card and payment solutions to private banks and e-traders.
Tord Topsholm, head of the Banking business area at Catella, said: “Our banking business is growing with a good inflow of new clients, and we see a greater need for international financial services. We are delighted to have recruited Dennis and his senior team to our banking operations in Luxembourg. They have all worked in the industry for a long time and with their established international contacts, they will be helping our clients with matters including planning and execution of transfers of ownership and relocations abroad.”