SpareBank 1 Markets moves into asset managment
Asset management will be established as a new business unit in SpareBank 1 Markets. The new unit will be based on existing specialist environments in Trondheim and Tromsø.
SpareBank 1 Markets acquires Allegro Kapitalforvaltning in Trondheim and SpareBank 1 Nord-Norge Forvaltning in Tromsø from SpareBank 1 SMN and SpareBank 1 Nord-Norge respectively. The acquired companies will be merged and will spearhead SpareBank 1 Markets’ asset management business. The new business unit will have combined AUM of approximately 10 NOK billion.