A MiFID II change management
project perspective by
Nordea Asset Management
Adapting to the changing regulatory landscape,
it has been important for our firm to isolate the
key deliverables for the front office trading staff.
At the same time it has been critical to ensure
a strong collaboration between the portfolio
managers and the trading desk. For our clients
it is imperative that Nordea optimises the
output from our people in actively managing our
investment portfolio and getting in and out of
positions with minimal market impact.
As the key knowledge of the front office functions
sits within the trading desk, it has been important
to reduce and streamline the burden of compliance
and regulatory operational activities to ensure the
trading desk could continue its work unhindered.
Winter 2017
We have focused on leveraging our counterparty
relationships, technologies and other parts of our
organisation to achieve this.
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Nordea has established an overarching MiFID II
project steering group structure at group level.
Under this, subproject groups have been formed,
including a MiFID II project group in Nordea Asset
Management.
While the MiFID II project has been managed
by our project organisation at Nordea Asset
Management, it has been key to successful
interpretation and implementation to involve and
engage the business functions, both operations,
investments and trading, alongside compliance and
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