The banking group has appointed a general manager for its Singapore branch.

Scandinavia-based Nordea has confirmed the arrival of Fredrik Lager as head of Nordea Bank, Singapore branch, having had a career to date in the realm of private banking in Asia and northern Europe. He takes over from the former GM, Kim Osborg Nielsen, who takes on a more "front-office" role as head of private banking, working with the lender's larger clients in the region.

Nielsen spoke to this publication, confirming the move. Previously, he worked for 11 years at Swedish banking group SEB in Singapore and Sweden. At that bank, he led a Singapore-based team of private bankers. He was a partner at Grundberg Mocatta Rakison for more than six year, according to his Linkedin profile.

This publication has interviewed Nordea about its wealth management ambitions in different regions of the world. See here.