Nordea opens private banking branch in Singapore
To serve the growing community of Nordic individuals in Asia, Nordea has opened a private banking branch in Singapore.
Nordic businesses are growing in Asia and are thereby attracting more Nordic professionals to live and work in the region. The Nordic expatriates in Asia are also staying longer than they used to. Singapore is the centre for private banking in Asia, and Nordea offers private banking services to the growing community of wealthy individuals from its newly opened branch in Singapore. “Asia-Pacific is an engine of growth for the world”, says CEO Jhon Mortensen of Nordea Bank S. A. “To present the growing number of Nordic individuals in the region with the same high quality private banking service as we do in Europe, we have opened a branch in Singapore, thereby making their access to the financial markets easier, more efficient and more secure.” For five consecutive years, Nordea was named the best provider of private banking services in the Nordic & Baltic region by the international financial magazine Euromoney. Nordea is the leading Nordic provider of international private banking services, and the Nordea Group is Northern Europe’s leading universal bank, with around 11 million customers, more than 1,000 branch offices and EUR 224 billion in assets under management. Nordea is one of the leading international banks in shipping, providing a diversified range of services for that sector. We already have a dedicated team in Singapore with strong market knowledge and structuring capabilities to
assist clients in several Asian countries. The new branch will be headed by Eric Pedersen, who started as an analyst in the Bank’s Treasury department, and, since 2000, has worked in senior roles within Asset Management and Private Banking. “Besides our reputation for seeing things from the client’s point of view, Nordea’s financial strength and the retained AA-rating is clearly an added attraction for wealthy clients looking for a safe and reliable private banking partner,” he says. The Singapore team is composed of experienced, senior private bankers with financial market expertise who are supported by highly qualified operational staff. In the team of account managers are Jonas Bergqvist (Swedish), Haavard Farstad (Norwegian), and Kim Osborg Nielsen (Danish).