Aktia announced the day before yesterday that it would initiate change negotiations and a reorganization of some functions. According to my interpretation, no jobs are intended to be cut, but because the nature of some job tasks will change substantially, change negotiations must be initiated. The purpose of these measures is to clarify the organization and focus operations in line with the new strategy emphasizing premium and private banking clients. These are, in themselves, very sensible-sounding goals.
In addition, I jotted down some thoughts in the Nordea thread about the effects of a potential trade war on banks’ outlooks. These also apply well to Aktia, although it should be noted that due to the higher weight of wealth management, the development of assets under management plays an even greater role for Aktia. Assessing capital market development and general sentiment is among the most challenging tasks, but generally, increasing uncertainty does not help either of these.