Macrobond announced that Erik Penser Bank, a private bank in Sweden, is using Macrobond to help its wealth management team make the right investment decisions quickly and transparently amid rapidly changing market conditions. Founded in Malmö, Sweden, Macrobond delivers macroeconomic, aggregate financial and sector time-series data to more than 4,000 economists, analysts, portfolio managers, quants and strategists worldwide, alongside integrated tools that enable them to quickly find, analyze and visualize the data.
“As an asset manager in 2021, it’s very important to find your own data, do your own analysis, and make up your own mind about what’s happening in the markets. Macrobond has the breadth and depth of data, along with the modelling tools, to help us make sense of what’s actually going on – and that gives us a bit of an upper hand when the sell-side pitches a particular product for certain scenarios,” said Jonas Thulin, head of Asset Management at Erik Penser Bank, in a statement.
He added: “The ability to visualize the data is hugely important because it allows us to clearly explain to institutions and other money managers, funds and investors what we have actually done with their money, basically. It’s extremely important for us to be able to be transparent and completely open with our clients.”
Macrobond opened an office in Stockholm earlier this year to better serve its 200 customers across the Nordics, including banks, asset managers, government institutions, non-profit organisations and universities – among which, half are based in Sweden. Along with data analytics tools, automated workflows empower users to instantly share their insights, enhancing enterprise-wide collaboration and improving productivity.