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I have left the financial industry and the Nordic region after working several years there but here are my 2 cents regarding the transaction.

- Prestigious wise, Carnegie has probably been seen as the most prestigious and well-paid Nordic Bank to work for in the region. Therefore, if the partly state-owned DNB is not able to maintain the brand value and compensation levels, DNB will likely see some churn of IB-employees after eventual retention bonuses are paid out.

- DNB will significantly increase their footprint in Sweden.

- There will be some overlaps in their research and we will probably see some redundancies there.

- The asset under management will increase by a lot. 


It will be in interesting to see how this changes the dynamic in the Nordic market. Carnegie will add balance sheet capabilities and it will be interesting to see if they can leverage on this, or if independent local actors such as ABG, Pareto and Arctic takes market shares from them. Maybe some new boutiques arises started by former Carnegie employees? Maybe International banks will probably try to poach former Carnegie employees? The future will tell.

 

Will be interesting to follow, the cultures are very very different. Think sadly CAR will lose the steam they've had, in a couple of years what made carnegie carnegie will probably be lost, and we'll be left with yet another boring-giant-nordic-balance-sheet-bank

 

Anyone having an insight of how the integration goes? Must be significant overlaps on the research side?

Could the new investment bank SB1, formed by Swedbank and Sparebank 1 be an attractive alternative for employees in Carnegie who do not wants to join DNB ? 

 

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