August 14, 2009 - Assignment

Skandia Liv signs asset management agreement with DnB NOR

Mannheimer Swartling has advised Skandia Liv on an agreement with DnB NOR to manage a portfolio of assets valued at approximately SEK 80 billion. The agreement replaces a previous asset management agreement between the parties and covers DnB NOR’s continued management of a portfolio of Swedish shares and interest and includes a number of special mandates, amongst others in tactical allocation and advice on “socially responsible investing.”

Skandia Liv is one of the leading life insurance companies in Sweden with approximately 1,2 million customers and approximately SEK 270 billion in assets. Skandia Liv is run on a mutual basis and is a wholly-owned subsidiary of Skandia, a member of the Old Mutual group.

Peter Alhanko and Helena Rempler were responsible for the matter and they were assisted by Jonas Andersson, Fredrik Forsström and Sam Seddigh.