Danske Bank said it is making its largest-ever wealth management investment, launching a new product for affluent private clients called Butterfly built on BlackRock’s Aladdin Wealth platform. The bank, Denmark’s largest lender and the first Nordic bank to adopt the technology, said the tool will help bankers manage portfolios and analyse risk. The move forms part of a push to grow fee-based revenue by expanding digital platforms and partnering to deliver advisory services. Butterfly will roll o

Danske Bank said it is making its largest-ever wealth management investment, launching a new product for affluent private clients called Butterfly built on BlackRock’s Aladdin Wealth platform. The bank, Denmark’s largest lender and the first Nordic bank to adopt the technology, said the tool will help bankers manage portfolios and analyse risk. The move forms part of a push to grow fee-based revenue by expanding digital platforms and partnering to deliver advisory services. Butterfly will roll out gradually to more high-net-worth clients and expand to customers in Finland and Sweden later this year.