Sections

Finland: Kaupthing nabs Carnegie research head

FINLAND - Kaupthing Bank Oyj Asset Management says it has hired Carnegie’s Finland research head Kim Nummelin.

Iceland-based Kaupthing said Nummelin has been appointed as strategist and starts on April 4. He is a former Professor of Finance at the Swedish School of Economics and Business Administration.

“The recruitment of Dr. Nummelin will significantly strengthen the asset management and institutional advisory operations of Kaupthing Bank and supports the fast-growing multi-manager asset management business of Kaupthing in Northern Europe,” the group said.

The move follows Carnegie’s decision to exit the Swedish pension consulting late last year. Its Swedish pension consulting arm was taken over by advisory firm Max Matthiessen.

In November Carnegie cut 20 staff in Sweden following a “streamlining” of the organization. And it has revealed that that Iceland-based investment company Burdarás has built up a 20.1% stake in the firm.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2492

    Asset class: Active Investment Grade Corporate Bond.
    Asset region: Global.
    Size: In the region of £2 billion.
    Closing date: 2018-12-10.

  • QN-2495

    Asset class: Large & Mid & Small with bias to Mid Equities.
    Asset region: Switzerland.
    Size: CHF 30m.
    Closing date: 2018-12-10.

  • QN-2496

    Asset class: Commodities.
    Asset region: World.
    Size: CHF 100 – 150 m.
    Closing date: 2018-12-12.

Begin Your Search Here