On July 14, 2021 Evli Bank Plc (Evli Bank) published a stock exchange release announcing a demerger into a new listed asset management company, and a company which will carry on the banking services and into which Fellow Finance Plc will merge. The outcome of the arrangement will be Evli Plc (Evli), focused on wealth management and advisory services, and the digital Fellow Bank Plc (Fellow Bank).
The arrangement is expected to be completed in the first half of 2022. The arrangement will not require any action from Evli Bank’s clients, who will continue to be served as before, but with an even more comprehensive offering.
Evli's mission is to responsibly grow the wealth of institutions, businesses and private persons. Evli will offer wealth management services, mutual funds, alternative investment products and capital market services. Evli will also offer loan products through its partners and deposit services with competitive interest rates through Fellow Bank.
For its international institutional clients, Evli will offer Nordic fund management services through local sales representatives.
The company will provide its advisory and corporate clients with corporate finance services, incentive plan design and management services, as well as equity research.
Evli Bank’s wealth management business, which will be transferred to Evli, has EUR 16.8 billion in client assets under management (September 30, 2021) and employs approximately 280 investment professionals.
Evli’s contact persons and our Investor Service, tel. +358 9 4766 9701 (9.30 am. - 4.30 pm. EET on weekdays), or email@example.com, will be happy to assist you in any questions.