Storebrand Asset Management "Yet another solid year creates good conditions for international expansion"
Storebrand Asset Management entered 2018 financially strong leaving a great 2017 behind. Assets under management increased by over 25 percent and amounted to approximately Euro 73 billion at year-end.
-We have experienced fantastic growth in Sweden and Norway over the past years creating good conditions for international expansion. We are particularly satisfied with the strong demand for sustainable solutions in our home markets and we know there is great demand outside Sweden and Norway. This is an area we havestrong recognition as an international investor, says Jan Erik Saugestad, CEO Storebrand Asset Management.
Early movers on sustainable funds
Storebrand Asset Management was an early mover on sustainable solutionsand with over 20 years of experience in the field. All assets and funds are managed sustainably and the company offers broad and scalable solutions suited for both institution and private investors.
-We also have more targeted solutions. Lately our low carbon and fossil free funds have gained a lot of attention and inflow, as customers are raising their climate ambitions. Investors increasingly recognize global issues, such as climate change, as a financial risk but also as investment opportunities. With our experience in the field and cutting edge products, we believe an international expansion will provide us with great market opportunities.
Taking on Europe with a strong offering
As one of the leading pension and savings providers in the Nordics and with ambitions to pursue further growth, Storebrand Asset Management has had its mind set on Europe for some time. The group's acquisition of Skagen during 2017 was an important stepping-stone in that strategy.
-Skagen has successfully built strong recognition and distribution capabilities abroad that we aim to further strengthen. Their network and knowledge represents an opportunity for a broader and faster distribution of sustainable funds, and together we have a strong offering to the European market.
Storebrand's ambition is to be the best provider of saving for pensions. Storebrand will deliver sustainable solutions adapted to the customer's individual situation, so that each person receives a better pension in a more sustainable world. Storebrand has about 40.000 corporate customers and 1.9 million individual customers, and is headquartered in Lysaker outside of Oslo, Norway. Storebrand manages more than NOK 721bn and is Norway's largest asset manager. We work hard to reach our vision: Recommended by our customers. Storebrand (STB) is listed on Oslo Stock Exchange.
Visit us at www.storebrand.no and follow us on twitter: @Storebrand_no