The asset management arm of SEB, the Swedish financial services firm, has increased assets under management by 8% to Skr580bn (€64.4bn) in the three months to the end of September, compared with Skr533.6bn in the same period a year ago.

Compared with the second quarter, assets rose by 2% from Skr567bn to Skr580bn. The increase is the result of improved sales and the recent market upturn.