Nordea Bank Is Reorganizing Its $390 Billion Wealth Business

Nordea Bank Abp is reorganizing its wealth and asset management unit as part of a years-long program to make the largest Nordic bank more streamlined across the countries in which it operates.

The Helsinki-based bank is merging private banking units and investment and securities advisory operations into single wealth management units in each of its four main Nordic markets, according to posts on LinkedIn that were confirmed by the bank.