Glitnir quits Copenhagen but Total Capital remains

Glitnir is to close its branch in Copenhagen as a step in consolidating and aligning Glitnir's European business, to creating efficiencies and cost synergies. The bank will move most of its current Copenhagen operations to London and its headquarters in Iceland. However, the Total Capital team, dealing with Nordic and Danish integrated finance buyout transactions, will continue its activities in Copenhagen in a separate unit. In the long term, it is expected that the Total Capital business will invite external investors to join Glitnir in a more traditional limited partnership model.

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