Press Release 29 November 2018

Swedbank Announces Carne Group as New provider of Management Company services

Swedbank issued a press release this morning across EMEA announcing it is entering into a partnership agreement with Carne Group, the market’s premier global and independent provider of fund management company solutions.

Going forward, Carne will provide management company services for Swedbank’s client group comprising Nordic asset managers that have Luxembourg-domiciled mutual funds. Through this agreement, Swedbank will be able to provide financial institutions clients with a broader, more relevant offering including access to international distribution platforms, additional alternatives for fund structures in multiple jurisdictions, and access to in-depth sector competencies in a wide range of specialisations.  

At today’s announcement Carne Group’s Luxembourg CEO, Steve Bernat, said “I’m very pleased that Swedbank has chosen Carne as its preferred provider of fund management company solutions. It is a further endorsement of Carne’s market leading range of services and expertise and also expands our footprint within the Nordic regions. We look forward to working in close partnership with Swedbank to ensure that their clients are the beneficiaries of our best-in-class oversight services.”

About Carne Group

Carne is the premier global provider of fund management solutions to the asset management industry including the provision of European management companies, fund platforms, independent fund directorships and other fiduciary services. Carne employs 180 people across 10 global locations and is a governance and substance provider for asset managers managing more than $1 trillion in AUM.

About Swedbank

Swedbank encourage a sound and sustainable financial situation for the many households and businesses. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 600 000 corporate customers and organisations with 191 branches in Sweden and 125 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 30 September, 2018 the group had total assets of SEK 2 461 billion. Read more at www.swedbank.com