Nordea Asset Management, the asset management arm of Nordea Bank, has opened a new office in Madrid.

Additionally, the firm has appointed Laura Donzella to head the Madrid office. Previously, Donzella has been responsible for the business in Spain since 2009.

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Christophe Girondel, global head of distribution at Nordea, said: "Our focus on stability and providing outcome solutions has allowed us to gain the trust of Spanish investors."

Nordea Asset Management has 238,700 million in assets and offers more than 60 products in Spain.

The firm has a presence in Cologne, Copenhagen, Frankfurt, Helsinki, London, Luxembourg, Milan, New York, Paris, Sao Paulo, Singapore, Stockholm, Vienna and Zurich.

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