Jarkko Soikkeli, equity strategist, and Jukka Ruotinen, head of Fixed Income and FX Research at Finnish bank Pohjola, part of OP-Pohjola Group, have concluded that they see signs of life in the eurozone once more.
Reijo Heiskanen, chief economist at Finland’s OP-Pohjola group, has forecast continued weak growth in both Finland and the broader eurozone into next year.
Finnish financial group OP-Pohjola has reported a 124.9% increase in pre-tax earnings from its wealth management business in the first two quarters of 2013, compared to the same period last year.
Results of a survey of Finns suggests data security is becoming an increasingly important issue that financial services providers must tackle if they are to successfully roll out more digital services, according to OP Pohjola.
A TNS Gallup survey on behalf of Finland’s OP-Pohjola Group has found that two-thirds of those questioned believe financial planning needs to continue post-retirement.
OP Pohjola, one of Finland’s biggest financial groups, has reported its asset management business continued to strip out costs and increase its AUM in the first quarter of 2013, but that its operating cost/income ratio still deteriorated.
Finland’s Pohjola Property Management has closed its new international property fund of funds for institutional investor – Real Estate Debt and Secondaries Ky (REDS) – after accumulating €100m.
Finnish financial group OP-Pohjola’s Group Research Foundation Doctoral Thesis competition has awarded its prize of €10,000 to Petri Jylhä, for his work “Essays on the Economics of Hedge Funds”.
Finnish consumers, if in possession of an additional €100,000 to invest, would pick buy-to-let property, savings or investment accounts, and deposit accounts before putting the money into equities or funds, according to OP-Pohjola Group’s latest consumer finance barometer.
Expectation of M&A activity varies considerably across the Nordic region, according to asset managers and banks based in local markets.
Finnish financial services group OP-Pohjola has cited cost pressures imposed by regulatory changes for its announcement today that it is seeking €150m in savings by the end of 2015 through a personnel restructuring in its Group Central Cooperative Consolidated business and associated subsidiaries.
OP-Pohjola, the Finnish banking and insurance group, has completed its acauisition of Arum Investment Insurance, the life insurance company previously held by Skandia Life Assurance Company, part of Old Mutual.