S-Banken and Nordnet have agreed on a cooperation whereby S-Banken’s online securities brokerage customer base in Finland moves to Nordnet. Customers from S-Banken will start investing through Nordnet’s platform in April 2020.

– Nordnet is one of the strongest brands in Finland within savings and investments, and through this co-operation we will strengthen our position even further. I would like to say a warm welcome to the new customers from S-Banken. Our whole team will do it’s best to give them excellent service from day one, says Lars-Åke Norling, CEO at Nordnet.

S-Banken provides services under two brands: Saving and investing services to retail customers are offered under the S-Banken brand. Under the FIM brand, the bank offers private banking services as well as services for institutional investors. Following the cooperation, S-Banken will discontinue S-Osakekauppa and FIM Direct Online services and custody services. At the same time, Nordnet will start offering several new mutual FIM funds to its customers in both Finland and Sweden.

Read the press release here.

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