SWEDEN – Dexia Asset Management is opening a branch in Stockholm headed by Fredrik Wilkens from Key Asset Management.

“The company will recruit further in Stockholm and estimates to be four employees before year-end,” Dexia said, adding it already has a “handful” of Nordic institutional following initial sales from Brussels.

The Stockholm office will address the Nordic region of Sweden, Finland, Norway and Iceland. Dexia AM already has an office in Copenhagen.

The new branch will operate from the same premises as Dexia Crédit Local Sweden, which has been active in public finance in Sweden since 1996.

“We see a growing demand for both alternative and traditional asset management and the continuously strong demand for SRI in the Nordic countries matches the expertise within Dexia Asset Management very well,” said Wilkens.

“At a reasonable pace, we’re expanding our sales capabilities in Europe,” added executive committee member Henri-Michel Tranchimand.

“Our experience in other markets is that after a few months of local coverage, we are able to sign interesting management mandates and distribution agreements with institutional clients.”

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