Fourth-quarter profits at the investment management arm of Nordea, the Nordic financial services firm, amounted to Skr38m (€4.2m), down 31% from the Skr55m reported in 2001's fourth quarter.

Full-year profits Nordea Investment Management in 2002 totalled Skr178bn, while assets under management tumbled by 8.6% to Skr96bn (€10.5bn), from Skr105bn the previous year.

Nordea Investment Management Q4 profits down 31%

Pirkko Juntunen

Föreningssparbanken

Nordea

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Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

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The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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