Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Investor Day (October 2019)
9 slides from Nordea Bank Abp's investor day presentation, Oct 25, 2019
Slide 1: Asset & Wealth Management Capital Markets Day
Asset & Wealth Management Capital Markets Day Snorre Storset, Head of Asset & Wealth Management 25 October 2019
Slide 2: Disclaimer
Disclaimer ▪ This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Nordea believes that the expectations reflected in such forward-looking statements are reasonable, no assuran
Slide 3: Key messages
Asset & Wealth Management KEY MESSAGES Leverage strong platform for continued growth – turnaround in net flows 2019 Profitable and globally competitive asset manager Integrated wealth manager with clear growth strategy and plan for improved sales productivity 3
Slide 4: Net flow turnaround in 2019 driven by growth in international Asset Management and Private Banking
Introduction to Asset & Wealth Management Net flow turnaround in 2019 driven by growth in international Asset Management and Private Banking… Net flow Key drivers EURbn, 2013-2019¹ ▪ Blockbuster products in institutional and wholesale distribution 11 ▪ New markets – Americas ▪ Deeper relationships w
Slide 5: Where we serve customers through own distribution and Group channels
Introduction to Asset & Wealth Management …where we serve customers through own distribution and Group channels External distribution Internal distribution Asset Management Wealth Management Rest of Group¹ AuM Institutional Wholesale Private Life & Pensions Q3 2019, EURbn distribution distribution B
Slide 6: Strong performance with potential to improve further
Asset & Wealth Management in the Nordea Group Strong performance with potential to improve further Income Cost Capital 1,601m -755m 2,140m Asset Management 55% 19% Life & Pensions 26% 15% 8% Private Banking 18% Share of Group income Share of Group cost Share of Group capital (Last 12 months) (Last 1
Slide 7: Strategic direction for Asset Management
Strategic direction for Asset Management Strategic focus to diversify product range and client base to cater for growth ▪ Continuity, trading platform upgrade, alpha reviews Continue strong investment performance and product lifecycling ▪ Expand in Americas through partnerships, pension funds Increa
Slide 8: Strategic direction for Wealth Management
Strategic direction for Wealth Management Strategic focus to grow and build an efficient franchise Increase Private Banking market share ▪ Growth in Norway and Sweden Grow within occupational pensions ▪ Expand value proposition for corporate segment Grow digital savings and strengthen sales ▪ Saving
Slide 9: Target 2022
Asset & Wealth Management TARGET 2022 Leverage strong platform for continued growth – turnaround in net flows 2019 Cost/income ratio¹ Profitable and globally competitive asset manager <40% Integrated wealth manager with clear growth strategy and plan for improved sales productivity 9 1. Incl distrib