Richard Gröttheim to support the global growth of Mandatum’s asset management

Press releases 7.3.2024 at 10:00 AM EET

Mandatum Asset Management and Richard Gröttheim have agreed on cooperation where Gröttheim is an adviser to MAM. The aim of the cooperation is to support Mandatum’s growth in Sweden and Denmark.

Mandatum has provided services to international institutional asset management clients already since 2017, and the company’s strategy aims at expansion of its business, especially in Sweden and Denmark.  With this advisory agreement, Mandatum gains valuable insights that support its international asset management business and strengthen its position in the Swedish and Danish markets.

Richard Gröttheim will start in the role of an advisor to MAM in March 2024. Previously, Gröttheim worked for more than a decade as the CEO of AP7, one of Sweden’s largest pension funds. He has also worked as Head of Monetary and Foreign Exchange Policy department of Sweden’s central bank and as Chief Economist and Partner at the Swedish Aragon Securities.

“Mandatum’s asset management business in the Swedish and Danish markets took the planned steps during 2023, but we continue our growth efforts. We warmly welcome Richard Gröttheim to support us, especially in achieving our international growth goals, and we are pleased to have Gröttheim’s extensive experience and valuable network in our company”, says Lauri Vaittinen, CEO of Mandatum Asset Management.

“Mandatum has special expertise, especially in alternative investment products and fixed-income investments, and this expertise has also been recognised outside of Finland. We hope that our excellent product portfolio, combined with Gröttheim’s experience, will open many new doors for us,” says Claes Siegfrids, Head of International & Platform Clients at Mandatum Asset Management.

“It will be interesting to be part of Mandatum’s global growth story. I believe that the company is in a good position to expand its presence in Sweden and Denmark,” says Richard Gröttheim.

Mandatum manages a total of approximately 11.9 billion euros in client assets, and in addition to Finland, it has offices in Stockholm and Luxembourg. 

Further information:

Lauri Vaittinen, CEO, Mandatum Asset Management,

lauri.vaittinen(a), +358 50 382 1674

Niina Riihelä, SVP, Communications, brand and sustainability, Mandatum, niina.riihela(a), +358 40 728 1548 

Mandatum in brief

Mandatum is a major financial services provider that combines expertise in wealth management and life insurance. Mandatum offers customers a wide array of services covering asset and wealth management, savings and investment, compensation and rewards, pension plans and personal risk insurance. Mandatum offers services to corporate customers, retail customers as well as institutional and wealth management customers. At the center of Mandatum's success are highly skilled personnel, strong brand, and investment track record.