From startup to Nordic player

Scandinavian Trust started in Stockholm with a clear ambition: to create security and structure for foreign companies looking to grow in the Nordics. Their team of specialists in business law, accounting and finance all share an entrepreneurial mindset.

Today, the company has offices in Stockholm, Copenhagen, Oslo and Helsinki. And they are on a promising trajectory with double-digit growth expected in 2025.

Strategic partnership with Nordea ISG

Since 2014, Nordea has been an important partner for Scandinavian Trust. Through a close and professional collaboration with Nordea, the company has received the support needed to grow sustainably and efficiently.

Since Scandinavian Trust is a Norwegian-owned company, the relationship is managed by Nordea’s specialist team International Subsidiary Group (ISG). They have laid the foundation for a strategic partnership where Nordea offers tailored advice and solutions that match the company’s complex needs. 

How the collaboration works in practice

ISG has supplied Scandinavian Trust with services that cover all their financial needs, from daily transactions to cash management solutions. 

Rebecka Fernkrans-Käller, Director of Legal Entities & Acquisition at Scandinavian Trust.

“We work with international structures that require high precision and understanding of regulations. It’s a challenge few can handle, but Nordea has shown that they can deliver. They have made complex processes both simple and secure, which saves time and reduces risks for our clients." 

"Furthermore, we have an adviser who is professional, dedicated and always ready to find solutions – also under time pressure. This is one of the main reasons why we continue to recommend Nordea to our international clients,” says Rebecka Fernkrans-Käller, Director of Legal Entities & Acquisition at Scandinavian Trust.

Nordea’s ISG team supports foreign-owned companies operating in the Nordics and ensures that subsidiaries are offered banking solutions that provide the best conditions for growth. 

ISG’s offering

  • A dedicated account manager leading a team of specialists who understand the company’s local and global operations.
  • Products and services that meet all banking needs of the customer.
  • A common service model across the Nordics, making it easier for the customer as they know what to expect, regardless of which country they operate in.
  • Smooth onboarding in all Nordic countries, which saves time and money for the customer.
  • Access to specialists in all areas and countries where the customer operates.

Want to know more about how Nordea supports international businesses setting up in the Nordics?

Contact us
Director of Legal Entities & Acquisition at Scandinavian Trust.

Proactivity and quick problem solving

In recent years, the collaboration between Scandinavian Trust and Nordea’s ISG team has intensified. Nordea has actively supported them with everything from account openings to advanced cash management solutions – always with proactivity and efficient solutions.

“Availability and quick problem solving are absolutely crucial for businesses expanding abroad. Nordea has not only delivered on that – they have been a proactive partner who understands our needs and acts quickly. This creates security for us and for our clients,” says Jenny Lopes Da Silva, Director at Scandinavian Trust.

Relationships that build trust

Scandinavian Trust describes its collaboration with Nordea as a solution that combines security and efficiency for their international clients. They particularly highlight the smooth communication and professional management of complex regulations – factors that have built trust among their own clients. Through Scandinavian Trust, many businesses have chosen Nordea as their local bank in the Nordics, which has simplified the set-up process and created long-term relationships.

Imran Qureshi, Relationship Manager in Nordea’s ISG team.

“We succeed when we work as a team. My role is to understand the customer’s needs and have a close dialogue with them, but it’s the expertise of the entire customer team that allows us to deliver a comprehensive solution. That’s how we build long-term relationships,” says Imran Qureshi, Relationship Manager in Nordea’s ISG team.

Looking forward: more opportunities to grow together

With a growing customer base and tougher requirements for international solutions, Scandinavian Trust looks forward to further develop its collaboration with Nordea.

“We see great opportunities to grow together and continue creating value for international companies in the Nordics. For us, it’s about combining local expertise with a global perspective,” concludes Rebecka Fernkrans-Käller.

About Scandinavian Trust

Founded: 2014 in Stockholm

Offices: Stockholm, Copenhagen, Oslo, Helsinki

Turnover: SEK 25m (2024); two-digit growth expected in 2025

Services: Corporate management, domiciliation, board assignments, accounting, payroll management, compliance

Clients: International companies in sectors such as infrastructure, logistics, retail and mining.

Vision: To be a long-term partner that creates security and structure for international companies looking to expand into the Nordics

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