Nordea’s international private banking activities are centred in Luxembourg. Nordea International Private Banking is the largest Nordic bank in Luxembourg, employing a multilingual staff of some 400 people who serve an international clientele in 120 countries throughout the world.
Nordic businesses are growing in Asia and are thereby attracting more Nordic professionals to live and work in the region. The Nordic expatriates in Asia are also staying longer than they used to. As the group’s centre for international private banking, private banking services in Asia are developed out of Luxembourg.
“Asia-Pacific is an engine of growth for the world”, says CEO Jhon Mortensen of Nordea Bank S.A. “To present the growing number of Nordic individuals in the region with the same high quality private banking service as we do in Europe, we have opened a branch in Singapore, thereby making their access to the financial markets easier, more efficient and more secure.”
For five consecutive years, Nordea was named the best provider of private banking services in the Nordic & Baltic region by the international financial magazine Euromoney. Nordea is the leading Nordic provider of international private banking services, and the Nordea Group is Northern Europe’s leading universal bank, with around 11 million customers, more than 1,000 branch offices and EUR 224 billion in assets under management.
“Besides our reputation for seeing things from the client’s point of view, Nordea’s financial strength and the retained AA-rating is clearly an added attraction for wealthy clients looking for a safe and reliable private banking partner,” says Mortensen.
Nordea is one of the leading international banks in shipping, providing a diversified range of services for that sector. We already have a dedicated team in Singapore with strong market knowledge and structuring capabilities to assist clients in several Asian countries.
“Our private banking clients do not move to Asia and move back again, they tend to stay there, they grow wealthy and establish themselves there. I see a tremendous future for Asia; it’s currently growing much faster than Europe and obviously we want to take part of that growth", says Mortensen.
(Source: Nordea Bank)