Stockholm-based SEB, one of Sweden's leading financial services groups, plans to increase its focus on third-party distribution of mutual funds in Sweden and has recently formed a team to monitor external funds.

Fleming Carlborg, head of retail distribution at SEB, said: 'We have been doing third-party distribution for 18 months but we are now looking to add further funds to our selection.'

Swedish SEB looks to increase distribution of competitors' funds

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

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The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

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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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