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Swedbank and Kepler Cheuvreux partnership

In June 2017, Swedbank invested in a strategic partnership with Kepler Cheuvreux in order to provide our clients with significantly broader research coverage of Nordic stocks, enhanced ECM distribution and a significantly improved execution offering. Our retail and institutional clients will benefit from Kepler Cheuvreux coverage provided by more than 100 equity analysts; the long-term goal is to provide coverage of approximately 970 European companies, of which 300 are Nordic. Our corporate clients will gain access to superior ECM distribution capacity through Kepler Cheuvreux’s network of 1,350 institutional investors globally. We are now also able to offer better roadshow capabilities and a global trading platform with fully MiFID-compliant execution.

Kepler Cheuvreux’s Norwegian Equity Sales, Equity Research and Corporate Access teams are now working together with Swedbank in co-located offices in Oslo. Henning C. Steffenrud has joined Kepler Cheuvreux and is now Nordic Head of Research.

Swedbank’s equity offering in Norway is aimed at family offices and high net-worth individuals, supported by our newly established Cross-Asset Sales Desk. This desk has a close cooperation with our partner Kepler Cheuvreux, which provides in-depth analysis and research for 300 Nordic companies and an additional 670 pan-European companies. This research is fully integrated with our high-yield research and sales team, who are able to offer you investment opportunities suitable for your needs and risk levels. For more information on this offering, please contact our Head of DCM Advisory Services in Oslo, Tomas Eriksson.

 For further information about Swedbank and Kepler Cheuvreux' partnership

Contact with Kepler Cheuvreux please call: +47 23 13 90 80 or visit Kepler Cheuvreux homepage

Contact Head of DCM Advisory Services in Oslo, Tomas Eriksson


Øystein Børsum

Øystein Børsum

Øystein Børsum is Chief Economist at Swedbank. He holds a degree in business from the Norwegian School of Economics and Business Administration (NHH), an MSc in Finance from London School of Economics, and a PhD in Economics from the University of Oslo. He also studied political science at Sciences-Po in Paris (2002). Børsum joined Swedbank in 2013. He previously worked at the Norwegian Ministry of Finance (2005-2013), among other things on the investment strategy for the Government Pension Fund Global (Norway’s sovereign wealth fund). He also has experience from Norway’s central bank, Norges Bank and Accenture.

Henning Steffenrud

Ingvild Almestad Aasen

Ingvild has a master’s degree in finance from The Norwegian School of Economics, with exchange to Bocconi University and Columbia University in the City of New York. Ingvild was a summer intern at Folketrygdfondet before she started as trainee in Swedbank in 2016.


Jonas Shum

Shum has a Master of Business and Economics degree from the Norwegian School of Management BI. Later he has obtained a Master of Science in Finance from the same institution and he is also certified interest rate analyst from NFF. Previously, Jonas has worked within Corporate Finance and within equity research in Nordea (2006-2008), equity research in Arctic Securities (2008) and with credit analysis in SEB (2010-2014). Jonas started as a credit analyst in Swedbank in 2014 and has coverage within E&P, oilservice and shipping segments as well as holding companies. Before Shum started in finance, he was a management trainee in DNV.


Bengt Kirkøen

Bengt Kirkøen

Kirkøen holds an MBA and has been a banking/finance analyst since 1996 and worked within fixed income sales from 1990-1996. He was partner at Fondsfinans and Head of Research from 2004. He also has experience from equity research and fixed income brokerage at Bergen Bank. Kirkøen has repeatedly been ranked among the best banking analysts and was named the best Nordic analyst irrespective of sector in 2009 by Starmine. He has been employed in First Securities since August 2011 focusing on analysis of banking and insurance.

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