MeritaNordBanken/Unibank Merger To Create Powerful Nordic FX Player

NEWS

HELSINKI--MeritaNordbanken looks set to become Scandinavia’s biggest forex player, following the announcement last week that it is buying Denmark’s Unibank.

The Finnish group has named Jakob Grinbaum, formerly head of treasury at MeritaNordbanken, to take over responsibility for treasury activities at the combined operation.

However officials say that Unibank’s capital markets experience will be vital to Merita’s large market coverage to make a dominant player in the Scandinavian FX market. A