DENMARK - Danske Capital, the asset management arm of Danske Bank, has announced it has received compliance with the Global Investment Performance Standards (GIPS).

According to Danske Capital director Niels-Ulrik Mousten, the asset manager recently received third party verification from the accountants Deloitte & Touche.

Says Mousten: “by becoming GIPs compliant we have reached an important milestone in Danske Capital’s institutional business. GIPs compliance is now a prerequisite of consultants and leading institutions.”

Danske Bank is a top three financial institution in the Nordic region and market leader in the Danish asset management industry, the fifth biggest in Europe.