Luxembourg, LU, 12th December, 2025 — Nordea Asset Management (NAM) is pleased to announce the appointments of Kasper From Larsen and Rachel Reutter to its Sustainable Thematic Team, further strengthening the team’s known expertise in Climate and Impact investing. This brings the size of the team to 15 Investment professionals including eight portfolio managers alongside impact specialists and engagement professionals. Led by Thomas Sørensen and Henning Padberg, the team spans across Copenhagen, London and Singapore.

Nordea Asset Management is a pioneer in climate investing, having launched its first climate fund in 20081. Today, the team manages over EUR 18 billion across a range of high conviction climate and impact strategies that range from climate solutions and transition portfolios to traditional wide-ranging impact strategies.

“Kasper and Rachel bring complementary skill sets and a shared commitment to high-quality sustainable investing. Their extensive experience and strong analytical capabilities will reinforce the team’s ability to deliver long-term, impact-driven results for our clients.”

Thomas Sørensen, Co-head of Sustainable Thematic Team

Kasper and Rachel will report to Thomas Sørensen and Henning Padberg, co-heads of the Sustainable Thematic Team. Operating as part of NAM’s Fundamental Equities Team, the Sustainable Thematic Team benefits from a global sector research platform that supports both Sustainable Thematic and Sustainable STARS strategies.

Kasper From Larsen has joined the team as a Portfolio Manager, bringing nearly two decades of experience in equity research and portfolio management. For the last 11 years he was a Portfolio Manager at Danske Bank Asset Management. Throughout his career Kasper has focused on the sectors that are central to the energy transition, including utilities, renewables and capital goods. As part of the Sustainable Thematic Team, Kasper is bringing his expertise to support both our existing and potential new climate investment strategies.

Rachel Reutter, who has 20 years of experience, joined the team as a Portfolio Manager. Her focus will be our Impact strategies, including the Nordea 1 – Global Impact Fund. Prior to joining Nordea, she worked for 13 years at J O Hambro Capital Management. For the last decade, Rachel was a lead Portfolio Manager, running a concentrated equity portfolio with well-developed ESG integration and a detailed process of corporate engagement.