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Swedbank and Kepler Cheuvreux partnership

In June 2017, Swedbank invested in a strategic partnership with Kepler Cheuvreux in order to provide our clients with significantly broader research coverage of Nordic stocks, enhanced ECM distribution and a significantly improved execution offering.

Our retail and institutional clients benefit from Kepler Cheuvreux coverage provided by more than 100 equity analysts; the long-term goal is to provide coverage of approximately 970 European companies, of which 300 are Nordic. Our corporate clients have gained access to superior ECM distribution capacity through Kepler Cheuvreux’s network of 1,350 institutional investors globally. We are now also able to offer better roadshow capabilities and a global trading platform with fully MiFID-compliant execution.

Kepler Cheuvreux’s Norwegian Equity Sales, Equity Research and Corporate Access teams are working together with Swedbank in co-located offices in Oslo. Henning C. Steffenrud has joined Kepler Cheuvreux and is now Nordic Head of Research.

For further information about our partnership with Kepler Cheuvreux, please consult your contact person at Swedbank.  

Contact with Kepler Cheuvreux please call: +47 23 13 90 80 or visit Kepler Cheuvreux homepage.


Øystein Børsum

Øystein Børsum joined Swedbank in 2013 and is Chief Economist at Swedbank Norway, as well as Chief Credit Strategist. He previously worked at the Norwegian Ministry of Finance (2005-2013), among other things on the investment strategy for the Government Pension Fund Global (Norway’s sovereign wealth fund). He also has experience from Norway’s central bank, Norges Bank and Accenture. He holds a degree in business from the Norwegian School of Economics and Business Administration (NHH), an MSc in Finance from London School of Economics, and a PhD in Economics from the University of Oslo. He also studied political science at Sciences-Po in Paris (2002).


Marlene Skjellet Granerud

Marlene Skjellet Granerud has worked as an analyst at the Macro team in Oslo since February 2018. She was previously an equities analyst at Swedbank/Kepler Cheuvreux with a focus on Nordic exploration & production (E&P) companies. Marlene graduated from the Norwegian School of Economics (NHH) in the summer of 2016 with a Master’s degree in finance and economic analysis. She also has a double degree from the University of Mannheim in Germany.



Jonas Shum

Jonas started as a Credit Analyst at Swedbank in 2014 and has coverage within E&P, oil service and shipping segments, as well as holding companies. Previously, he worked within Corporate Finance and equity research at Nordea (2006-2008), equity research at Arctic Securities (2008), and with credit analysis at SEB (2010-2014). Before he started in finance, he was a management trainee in DNV. Jonas holds a Master of Business and Economics degree from the Norwegian School of Management BI. Later he obtained a Master of Science in Finance from the same institution, and he is also a certified interest rate analyst from NFF.


Jørgen Hannevik

Jørgen Hannevik has worked as a credit analyst at Swedbank since 2017, covering the shipping and transport sectors. Prior to joining Swedbank, he worked for two years as a management consultant at Bekk Consulting. Jørgen has a Master's degree in industrial economics and technology management from the Norwegian University of Science and Technology (NTNU) in Trondheim.


Magnus Melvær Rasmussen

Magnus joined Swedbank in the summer of 2018. He has a degree in civil economics from the Norwegian School of Economics (NHH), with a Master's degree in finance. His studies at NHH also included an exchange with Columbia University in New York (2015) and with the National University of Singapore (2018). He was previously a summer intern at Swedbank (2016).



Bengt Kirkøen

Bengt holds an MBA and has been a banking/finance analyst since 1996 and worked within fixed income sales from 1990-1996. He was partner at Fondsfinans and Head of Research from 2004. He also has experience from equity research and fixed income brokerage at Bergen Bank. Bengt has repeatedly been ranked among the best banking analysts and was named the best Nordic analyst irrespective of sector in 2009 by Starmine. He has been employed in First Securities since August 2011 focusing on analysis of banking and insurance.