More NewsSEB Acquires Key Asset Management

SEB Acquires Key Asset Management

SEB has reached an agreement to acquire 100% of the shares in Key Asset Management Group Limited (KAM), a London-based manager of funds of hedge funds. The acquisition is in line with SEB’s strategy to continue to grow in the alternative investments segment. KAM has approximately SEK 20bn of assets under management. This acquisition will take SEB’s assets under management in hedge funds to approximately SEK 40bn. KAM will become a wholly owned subsidiary of SEB, operating as a separate unit within the wealth management division. KAM’s senior management and executives will continue in their existing roles, and its product range and investment process will be unaffected by the transfer of ownership. The business will be rebranded SEB Key. Completion of the transaction is subject to regulatory approvals. SEB was advised by JPMorgan in this transaction.

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