Nordea, the largest financial services company in northern Europe, is planning to open an office in Chile between the second and third quarters of the year, local newspaper El Mercurio reported.
Nordea has maintained an agreement with BICE investments since 2012 to distribute its funds in the country, although its intention is to register its funds in Chile to reach a broader public.
The opening of an office in Chile intends to operate as a "hub" for the entire Andean region. Specifically, and based on statements by executives of Nordea to the aforementioned newspaper, the Scandinavian company will focus on offering its services to AFPs, insurers, family offices and high net worth individuals in Chile, Peru, Colombia and Mexico. The company currently has an office in Sao Paolo serving the Latin American region.
Nordea has over 330,000 million euros in assets under management. It has a customer base of more than 10 million, more than 650 offices and 29,719 employees.