Nordea Asset Management CRO – a ‘controls freak’ meets Covid

Steve Marlin
08 Feb 2021

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As Nordea Asset Management stared down the barrel of Covid-19 in early 2020, its chief risk officer, Søren Andersen, quickly began to map the various risks the firm would face. Employees working remotely, third-party vendors unable to deliver services and – not least – cyber attacks, were all in his sights.

It quickly dawned on him that the risks had one thing in common: they relied on key controls to function to plan.

“Controls were my main concern. Processes work, but controls are usually in

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