STOCKHOLM, Sweden, Dec. 17, 2004 (PRIMEZONE) -- Carnegie and Max Matthiessen have entered an exclusive co-operation agreement regarding pension and insurance advice. Carnegie's pension and insurance advice service through Carnegie Pension Consulting AB will be taken over by Max Matthiessen and Carnegie's fund management products -- own as well as externally supplied -- will be offered to Max Matthiessen's 135,000 clients.
"There is increasing interest in long-term pension savings, our clients are demanding broader independent financial advice, and we want to be ahead of the game. The co-operation with Carnegie gives Max Matthiessen's clients access to advisory services from a leading investment bank," says Christoffer Folkebo, deputy CEO at Max Matthiessen.
"Carnegie must be the leading player in its business areas. The pension area is undergoing structural changes and we are convinced that economy of size is of paramount importance if we are to offer our clients the best solutions in the most cost efficient way. That is why we have chosen to co-operate with the leading player in the pension market," says Lars Risland, managing director of Carnegie Pension Consulting.
The agreement will not have any material result effects for Carnegie in this financial year.
For further information, please contact: Christoffer Folkebo, deputy CEO Max Matthiessen (08-613 02 07 or 0733 75 72 07) Lars Risland, managing director, Carnegie Pension Consulting AB, (08-5886 90 70) Birgitta Henriksson, IR, Carnegie (08-676 86 39)
Max Matthiessen is Sweden's leading independent advisor in pension-related insurance solutions. Max Matthiessen offers products and services as well as management of company-paid pension and insurance products, for example private pension and endowment insurance, fund-of-funds, and consultancy services. The group has 350 employees and a nationwide office network that reaches 135,000 clients in Sweden.
Carnegie is an independent Nordic investment bank operating in Securities, Investment Banking and Asset Management & Private Banking. Carnegie provides a wide array of financial products and services to Nordic and international clients from offices in eight countries: Sweden, Denmark, Norway, Finland, Luxembourg, Switzerland, the UK and the US.
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