Nordea Asset Management (NAM) has made a strategic decision to establish its first ESG hub outside of its Nordic headquarters, in Singapore. The hub will allow NAM to be closer to clients in the Asia-Pacific region and serve the customers with better advice and solutions within responsible investment.
“Sustainability issues have gained significant interest in Asia in recent years, and investors are increasingly asking for ESG solutions. The time is right to meet that demand,” says Nils Bolmstrand, CEO of NAM.
Singapore is an attractive choice for NAM’s first overseas ESG hub due to its stable investment environment and the government’s commitment to tackle the problems of carbon emissions and embrace the principles of sustainable finance. Singapore’s Green Finance Action Plan, launched in 2019, marks a significant step in the country’s transition towards a sustainable future.
NAM’s new ESG hub will supplement its Singapore office, established in 2013, and will be fully integrated with NAM’s ESG-focused internal investment boutiques as well as NAM’s award-winning Responsible Investments team. The plan is to start implementing the hub in the latter part of 2021.
For information about NAM and our Singapore ESG hub, please send your queries to your local Nordea Asset Management office in Singapore, clientserviceasia [at] nordea.com, +65 6597 1911.