Scottish Widows in tie up for Scandinavian push
SCANDINAVIA – Edinburgh based Scottish Widows Investment Partnership (SWIP), is to begin marketing asset management services to retail and institutional investors in Finland, Norway and Sweden through co-operation with Stockholm based Intervalor, a marketing firm of international fund managers in the Nordic region.
“Scottish Widows Investment Partnership has defined the Nordic region as a priority market within its global development strategy, and is delighted to team up with such a professional and well established organisation as Intervalor to gain access to what is rightly seen as an exciting market place,” says Fiach Maguire, director of global marketing at SWIP.
The Swedish company will provide sales support, marketing and client service support in the area, while the asset manager will provide its knowledge in pan-European equities.
“After a difficult year in equity markets, we see Europe as offering exciting investment opportunities and therefore believe this to be an appropriate time to launch this co-operation,” says Anders Bladh, managing director of Intervalor.
SWIP, part of Lloyds TSB bank, currently manages around e135bn, and its existing European business covers Italy, Spain and Switzerland.