eQ Bank Abp, founded in 1998, is a Finnish bank specialising in internet

brokerage A broker is a person or entity that arranges transactions between a buyer and a seller. This may be done for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neith ...

and

asset management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...

for retail clients. The parent company of eQ Bank Abp, eQ Corporation, was acquired by

Straumur Investment Bank ALMC hf., formerly Straumur Investment Bank hf. (), is a regional investment bank headquartered in Reykjavík, Iceland. Founded in 1986 as ''Hlutabréfasjóðurinn'' and rebranded as Straumur in 2004, the bank initially survived the financial t ...

in 2007 for approx 260 million euros. Nordnet bought eQ Bank Abp in May 2009 for 400 million Swedish crowns (approx 37 million euros at the time). The bank was sold 22 May 2007 to

Iceland Iceland is a Nordic countries, Nordic island country between the Atlantic Ocean, North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge between North America and Europe. It is culturally and politically linked with Europe and is the regi ...

’s Straumur Investment Bank. Finnish finance journal Arvopaperi wrote that now becomes rich persons including the Ehrnrooths, Antti Mäkinen being eQ manager only for 1½ years received about €26 million and Janne Larma by selling the Advium to eQ Bank with a share capital of eQ in 2004 received ca €26 million. Advium does real estate management including e.g. selling of shopping centers, hotels, retail units, car parks and other large building like Itis shopping centre, and Helsinki city properties of Forum block and

Kamppi Kamppi () is a Subdivisions of Helsinki#Neighbourhoods, neighbourhood in the centre of Helsinki, the capital of Finland. The name originally referred to a small area known as the "Kamppi field" (see below), but according to the current official d ...

. Customers include Kapiteeli, Sato,

Kesko Kesko Corporation (, ) is a Finnish retailing conglomerate with its head office in Kalasatama, Helsinki. It is engaged in the grocery trade, building and technical trade, and car trade. It also has operations in Sweden, Norway, Denmark, Es ...

retail, KONE main building, Tapiola insurance and other insurance companies. It had MBO in 2009.Nyt syntyy äkkirikkaita
Arvopaperi 24 May 2007 and Advium corporate data

Straumur Investment Bank

The bank's board of directors in 2007 included Georg J.C. Ehrnrooth, Antti Mäkinen, Antti Pankakoski, Petteri Walldén, William Fall, Johan Horelli, Timo Everi ja Miika Varjovaara. In the end of 2006 Georg J. C. Ehrnrooth (born 1966) was Chairman of the Board and Member of the Board since 15 February 2000.EQ annual reports 2006 and 2007 Major owners in 2007: In the end of 2006 (during the deal) the majority of shares 37.25% were held jointly by brothers Georg J.C. Ehrnrooth, Henrik Ehrnrooth and Carl-Gustaf Ehrnrooth via Fennogens Investments SA in

Luxembourg Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...

.EQ annual reports 2006EQ annual report 2007

External links

Official Website

References

Banks of Finland Banks established in 1998 Finnish companies established in 1998 {{Europe-bank-stub