Press release, 16 October 2026 at 2:20 p.m. EEST
Mandatum has today completed the acquisition of Cliens Holding AB, the parent company of Swedish asset manager Cliens Kapitalförvaltning AB.
Mandatum announced on 13 August 2026 that it had entered into an agreement to acquire 78.4 per cent of the shares in Cliens Holding AB. The completion of the transaction was subject to approvals by the Swedish Financial Supervisory Authority and the Swedish Competition Authority, as well as the fulfilment of other customary closing conditions. All required regulatory approvals have now been obtained and the other closing conditions fulfilled.
The acquisition supports Mandatum's strategic objective of growing its capital-light business by accelerating international growth in asset management and strengthens its presence in the Swedish asset management market.
"We are pleased to welcome Cliens and its highly respected team to Mandatum Group. Cliens brings an established market position, strong investment expertise and complementary equity strategies to the Group. We look forward to combining our strengths and creating long-term value for our clients and shareholders," says Petri Niemisvirta, CEO of Mandatum.
Additional information:
Lotta Borgström
VP, Investor Relations
Tel. +358 50 022 1027
lotta.borgstrom[a]mandatum.fi
Niina Riihelä
SVP, Communications, Brand and Sustainability
Tel. +358 40 728 1548
niina.riihela[a]mandatum.fi
Mandatum in brief
Mandatum is a major financial services provider, combining expertise in asset and wealth management and life insurance. Clients include institutional investors, companies and private individuals. Mandatum offers a broad range of services encompassing asset and wealth management, compensation and rewards, supplementary pensions and personal risk insurance. Skilled personnel, strong brand and proven investment track record are at the centre of Mandatum's success. The company has been listed on Nasdaq Helsinki since 2023.
mandatum.fi/en/group
