STOCKHOLM, Sweden, June 26, 2002 (PRIMEZONE) -- Skandia today opened its operation in France, marking the continued build-up of its successful concept. Skandia France will initially offer its products through independent financial advisers and brokers.
"By establishing operations in France, which is Europe's second-largest savings market, Skandia is following up its European strategy and now covers the largest savings markets in Europe," said Ulf Spang, Senior Executive Vice President of Skandia and head of the Europe Division.
Hein Donders, COO, Skandia France, added: "Skandia France's strength is being part of a global savings company, which gives us access to global fund solutions, global analysis resources, and market-leading technology."
The French savings market is expected to grow rapidly based on the demographic trend. In addition, the country is currently debating changes in its pension system.
For further information, please contact: Carl-Henrik Knutsson, Communication Manager, Skandia, tel. +46-70-569 42 27 Gunilla Svensson, Press Secretary, Skandia, tel. +46-8-788 42 97, +46-70- 5757578
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