DENMARK: BANK TO TARGET ASSET MANAGEMENT MARKET
Article Abstract:
The Danish bank Unibank is to target the asset management market. The aim is to grow by 15% a year to reach a DKr 350bn (USD 50bn) volume by the end of 2001. By now, the volume totals DKr 250bn, 65% of which is attributed to the merger partner Tryg-Baltica. Asset management has now become a separate business area in the bank. It includes the four units Investment Management, Trevise, Luxembourg and Asset Management Denmark, which in all has 414 employees. The growth target, 15%, is higher than the estimated market growth, which is 10%.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 1999
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DENMARK: PENSION SAVINGS MUST INCREASE
Article Abstract:
Private pension savings must increase in Denmark, according to Pensionsmarkedsradet, the Danish pension market council. Kirsten Fjord, chairman of the council, says each individual should save up 15% of his/hers salary for future pensions. If the present situation persists, Danes between 40 and 50 years of age will be alarmingly dependent on public pensions, according to the council.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 1999
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