Carnegie Private Banking did not become the best private bank in the Nordics and Baltics region overnight. It has taken two centuries of evolution, reinvention, and a relentless focus on what really matters: clients, performance, and staying ahead of the market.
Now, as it wins Euromoney’s award for the best private bank in the Nordics and Baltics region in 2025, the firm faces its next great shift – the acquisition by Norway’s DNB that will define its future.
In the competitive Nordic private banking space, Carnegie has built an ecosystem that its rivals struggle to replicate. The combination of top-tier investment research, deep private banking expertise, and a culture that puts clients above everything else has made it an institution that high- and ultra-high-net-worth clients keep coming back to.
It’s a formula that works. But what makes it different?
“If you had to distil everything down to one factor, it’s the culture and DNA,” says Fredrik Leetmaa, Carnegie’s global head of private banking.