Nordea AM to Open ESG Hub in Singapore
In this article (4)
The hub will enable Nordea to to enhance its local servicing, ESG capabilities, investment platform and distribution reach in the region.
The asset management arm of financial services group Nordea is planning to open an ESG hub – its first outside its Nordic headquarters – in Singapore, in response to its growth and successes in the region, the firm announced on Wednesday.
The hub will allow NAM to be closer to clients in the Asia-Pacific region and better understand how companies are embracing sustainability in the region, Nordea Asset Management said in the statement.
Sustainability issues have gained significant interest in Asia in recent years, and investors are increasingly asking for ESG solutions. The time is right to meet that demand, Nils Bolmstrand, CEO of Nordea Asset Management, said.
NAM’s local Singapore distribution office was established in 2013, and will be fully integrated with NAM’s ESG-focused internal investment boutiques as well as NAM’s Responsible Investments team.
The hub is slated to be launched in the latter part of 2021.
Questions & Answers
Q.What is the primary purpose of Nordea Asset Management opening this new hub?
What is the primary purpose of Nordea Asset Management opening this new hub?
The hub will allow Nordea Asset Management to improve its local servicing, ESG capabilities, investment platform, and distribution reach within the Asia-Pacific region. It also aims to bring them closer to clients and better understand regional sustainability efforts.
Q.When is Nordea Asset Management planning to launch the new ESG hub?
When is Nordea Asset Management planning to launch the new ESG hub?
Nordea Asset Management plans for the new ESG hub to be launched in the latter part of 2021. This timeline was announced by the firm on Wednesday.
Q.Why has Nordea Asset Management chosen Singapore for its first ESG hub outside the Nordics?
Why has Nordea Asset Management chosen Singapore for its first ESG hub outside the Nordics?
Singapore was chosen due to Nordea Asset Management's growth and successes in the Asia-Pacific region. The firm noted significant investor interest in sustainability issues and increasing demand for ESG solutions in Asia.
Reader pulse
Nordea's ESG hub in Singapore: a major shift?
19,048 votes so far