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View the article online at http://citywire.co.uk/wealth-manager/article/a704784

Nordea hires discretionary head for UK push

by Robert St George on Sep 23, 2013 at 14:44

Nordea hires discretionary head for UK push

Liz Adnitt has been appointed by Nordea Investment Funds as its head of UK discretionary sales, with the Scandinavian group confirming that expanding in Britain was ‘a major goal’.

Adnitt (pictured) was previously senior investment sales manager at Legal & General, and earlier in her career had spells at SVM Asset Management and Jupiter Asset Management.

‘We are extremely pleased someone of Liz’s proven expertise and experience in the UK fund distribution market has decided to join Nordea,’ commented Paul Malpas, Nordea’s head of UK wholesale distribution, to whom Adnitt will report.

‘As a leading European asset manager, increasing our footprint in the UK market is a major goal for our company and Liz’s arrival is pivotal in further highlighting many of our unique strategies.’

Nordea currently has assets under management worth £184 billion through a range of Sicav funds branded ‘Nordea 1’. This incorporates more than 100 vehicles, spanning bonds and equities in developed and emerging markets.

The house is presently home to two Citywire-rated managers, AA Mats Andersson on Nordic Equity Small Cap and Nordea Stable Return’s Claus Vorm, who has a + rating.

‘Nordea’s robust foundations, combined with its wide range of top-performing funds, will be of great appeal and I look forward to helping expand our reach in the UK marketplace,’ said Adnitt.

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