Despite the challenges brought on by the global pandemic and the consequent drop in M&A activity all over the Nordics, the Finnish insurance and banking groups Mandatum and Sampo have forged ahead to join forces in a new venture that has caused major changes to Mandatum Life’s corporate structure.
The two players announced in February that they will combine forces to form a new asset management business operating under the parent company Mandatum Holding, alongside Mandatum Life that handles personal insurance, reward solutions, pension insurance and private wealth management. The new Mandatum Asset Management, which focuses on institutional investors and high net worth individuals, will combine Sampo Group’s asset management operations with those of Mandatum. Lauri Vaittinen, the new CEO of Mandatum Asset Management, says combining forces with Sampo Group’s asset management has been long time in the making. “It seems this did not come as a surprise toThe full article is only available to members
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