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Nordea restructures wealth management unit to focus more on digital services

Nordea Bank AB (publ) is restructuring its wealth management division to focus more on digital services amid an increasing demand for such services from clients, Bloomberg News reported, citing Gustaf Unger, the Swedish lender's new co-head of wealth.

Unger, who previously served as head of life and pensions, told Bloomberg that 40 employees will move into a new unit, adding that the bank will not hire or lay off any staff as part of the restructuring.

As part of the plan, Katja Bergqvist was named co-head of wealth along with Unger. Bergqvist previously served as head of investment solutions and advisory center, which is being split up, according to the report. Snorre Storset will remain as head of the overall business area, which now becomes wealth and asset management.

Meanwhile, Janina Pfalzer, a spokeswoman for Nordea, said the lender is looking into the technical issues that affected the bank's net and mobile banking services on May 15.