The XACT Sverige has become the first index fund to be awarded the Nordic Swan label, meaning the strategy has passed the environmental, human rights and transparency requirements necessary to receive the label. The fund is a Ucits ETF, which follows the SIX Sweden ESG Selection index, investing in large and mid cap Swedish companies […]
Handelsbanken, the Nordic bank that also counts the UK as one of its ‘home’ markets with over 200 branch teams, has issued a 5-year green unsecured senior bond valued at €500m The bond was issued under the bank’s Green Bond Framework – the framework has obtained the highest possible rating from Cicero’s Centre for International […]
Swedish bank Handelsbanken has agreed to sell its 24.5% stake in credit information agency UC to Asiakastieto Group, in turn taking a 9% stake in the larger combined business and €24.2m in cash. Asiakastieto Group is seeking agreement from all owners of UC to buy the business for some SEK3.5bn (€336m). Together with other Swedish […]
November was the eleventh consecutive month showing a positive picture for long-term mutual funds. European fund promoters enjoyed net inflows into bond funds (+€18.0 bn), followed by equity funds (+€7.1 bn), alternative UCITS funds (+€2.4 bn), mixed-asset funds (+€1.7 bn), and real estate funds (+€0.7 bn) as well as commodity funds (+€0.6 bn). Meanwhile “other” […]
Sweden’s Handelsbanken has continued its stream of announcements about senior management changes in its organisation – including a new role for its acting head of Handelsbanken Markets & Asset Mangement Pål Bergström has been appointed from his Markets & Asset Management role to acting chief compliance officer at the group, and as a result will […]
Anders Bouvin, a 30 year veteran of Handelsbanken, has been named its new president and group chief executive, and will take up his position immediately following the departure of Frank Vang-Jensen from the role. The Swedish bank’s board cited a “unanimous” decision to make the change following a period of analysis. Chairman Pär Boman said […]
Investors in Swedish smaller companies funds may benefit from a report due from EKN, which is expected to outline ongoing strong growth in exports to emerging markets. EKN (Exportkreditnämnden – The Swedish Export Credits Guarantee Board) is tasked with facilitating exports from Sweden; it has an unlimited borrowing facility with the Swedish National Debt Office, […]
The UK arm of Swedish banking group Handelsbanken is continuing business “as usual” in the wake of the country’s referendum vote to leave the EU, according to a locally based spokesperson. Partly this reflects the lack of certain facts about exactly how a ‘Brexit’ will take place, but also because the local business is run […]
Nordic headquartered Handelsbanken has announced a number of senior management changes affecting its IT infrastructure, compliance and group projects. Agneta Lilja has been appointed head of IT and Infrastructure, adding to her existing role as head of Infrastructure. She replaces Anders Johansson, who has taken on an advisory role ahead of his contractually agreed retirement […]
Overall, global conditions remain expansionary. The US economy is growing and we see some tentative signs of improvement in the eurozone. Although Chinese worries have given rise to substantial volatility in financial markets recently, we think that the pivotal economy will still manage a soft landing, which will prove sufficient to offset trouble elsewhere. Monetary […]
Swedish bank Handelsbanken has appointed Joakim Jansson as head of Handelsbanken Capital Markets. Jansson will also become a member of the bank’s Senior Management team when he takes up his position on 1 August. Currently, he works as deputy head of Markets & Asset Management at Handelsbanken.
Sweden’s minister for Financial Markets Peter Norman has considered whether the crash five years ago of Lehman Brothers could have been softened if there were more women in the industry – the Lehman Sisters debate also draws criticism of bonus culture (in Swedish).