Threadneedle to open Swedish office

Threadneedle Investment announced today it is in the process of opening a new office in Stockholm, following the registration of its SICAV funds with Sweden’s regulator Finansinspektionen last year and a distribution agreement with Avanza Bank in October.

The Stockholm office will serve the asset manager’s existing institutional clients in the region and will allow Threadneedle to develop new relationships and expand its client base in Sweden.

Jalil El Khalifi, sales manager and a Swedish national, will focus on Swedish wholesale distribution, funds of funds and platforms and report to Nina Movin, Threadneedle’s Nordics sales director, who will continue to be based in Copenhagen.

Campbell Fleming, Threadneedle’s head of distribution, commented: “Threadneedle’s funds have received strong interest from institutional clients in Finland, Denmark, Norway and Sweden and we see many opportunities to grow in the region.”

Threadneedle actively manages around €72bn of assets on behalf of individuals, pension funds, insurers and corporations, as of 30 September 2011.

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