S-Banken’s online securities brokerage customers in Finland move to Nordnet

Maria Nikolova

Customers from S-Banken will start investing through Nordnet’s platform in April 2020.

S-Banken and Nordnet have earlier this week unveiled an agreement whereby S-Banken’s online securities brokerage customer base in Finland is moving to Nordnet. Customers from S-Banken are set to commence investing through Nordnet’s platform in April 2020.

S-Banken offers services under two brands: Saving and investing services to retail customers are offered under the S-Banken brand. Under the FIM brand, the bank offers private banking services as well as services for institutional investors.

Under the cooperation agreement, S-Banken will discontinue S-Osakekauppa and FIM Direct Online services and custody services. At the same time, Nordnet will start offering several new mutual FIM funds to its customers in both Finland and Sweden.

Lars-Åke Norling, CEO at Nordnet, commented:

“Nordnet is one of the strongest brands in Finland within savings and investments, and through this co-operation we will strengthen our position even further. I would like to say a warm welcome to the new customers from S-Banken. Our whole team will do its best to give them excellent service from day one.”

“Nordnet is an excellent partner, since it’s known as the favorite broker for private investors. Our brokerage customers will get a new home with Nordnet, where they for instance will be able to open the new equity savings account. S-Banken’s focus will be on developing asset management services for both beginners in savings as well as more advanced investors,” says Hanna Porkka, Head of Wealth Management at S-Banken.

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