Nordea’s Asset Managers to Be Spared Cuts Facing Rest of Bank
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Nordea Asset Management is looking into how best to grow in an industry in which scale is becoming increasingly important.
To that end, the $243 billion unit of the biggest Nordic bank is turning to machine learning to provide the extra resources it needs. And while the rest of the organization is still in the process of absorbing about 6,000 job cuts to make way for robots, the asset management unit might even be in a position to hire, according to Nils Bolmstrand, its chief executive officer.