ABG Sundal Collier Scraps In-House Private Banking, Moves to Nordnet JV

ABG Sundal Collier has abandoned its delayed in-house private banking build-out, transferring the operation to a joint venture with Nordnet. Former CEO Jonas Ström denies this is a retreat, framing it as a strategic pivot. The move signals a shift in Nordic wealth management consolidation and may affect ABG's competitive positioning.