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.

Norway-Asia Business Review - - Contents -

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).

Jhon Mortensen

Eric Ped­er­sen

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