Upon learning the news, Thorben Sander, CEO at Nordea International Private Banking in Luxembourg, reveals: “We are honoured to be part of the best private bank in the Nordics. The award from Euromoney offers us great visibility and brings international recognition for our services. As this year we are celebrating 40 years of activity in Luxembourg, the award reconfirms our year-long commitments and achievements in terms of developing and delivering private banking services to the highest standards for our clients who are internationally-based.’’

Nordea Private Banking ranks among the top 20 Private Banks in Europe. It is the largest in the Nordic region with EUR 90 billion in assets under management and about 115,000 customers who are served by 900 private bankers located at 80 branches.

In December 2015, Nordea was also named “The Bank of the Year in Western Europe” by “The Banker’’ magazine. This is the most prestigious banking award in the world - conferred by ‘‘The Financial Times’’ - and the winner is selected among 500 participants, based on an evaluation of a number of financial and business-related factors in its country or region. To date, Nordea Bank has received the award twice, in 2012 and 2015.