Profile Centevo & Danske Bank sign fund management partnership

By Gloria Methri

Profile Centevo, a member of Profile Software, has signed a new multi-year agreement with Danske Bank to provide extended services for Danske Invest, the bank’s funds business.

Danske Bank, headquartered in Copenhagen, is the largest bank in Denmark and a central retail bank in Northern Europe, serving over 5 million retail customers. Profile Centevo will provide advanced fund management services and solutions integral to Danske Bank’s vision of simplifying its operations through refocusing, alignment and consolidation.

The agreement solidifies the long-standing partnership between the two organisations and will enable Danske Bank to deliver on its strategic plan in the Nordic region, which aims to provide first-class services to clients.

Morten Rasten, Executive Director at Danske Invest Management A/S, said, “As we execute Danske Bank’s strategic program within Asset Management, our continued collaboration with Profile Centevo is instrumental in achieving our objectives. This partnership is a testament to our dedication to providing strong investment products and supporting customers following local market standards, and we are enthusiastic about working closely with them.”

Stefanos Athanasiadis, CEO at Profile Centevo, added, “We are excited to expand our collaboration with Danske Bank as they pursue their transformative journey and strategy in the Nordic region. Our joint efforts will drive significant advancements in their strategic initiatives, setting new industry benchmarks.”

Evangelos Angelides, CEO of Profile Software, said, “This agreement between Profile Centevo and Danske Bank forms part of our strategy to expand our activity and footprint in the Scandinavian markets. We are committed to delivering technological innovation and cutting-edge solutions that support financial institutions in their digital transformation journey.”

Profile Centevo supports the growth of financial institutions by providing innovative solutions that transform the asset and fund management experience, maximise overall client performance, and ultimately redefine the financial services landscape in the Nordics.