This service is especially tailored for expatriates seeking special tax and inheritance guidance. In marketing and servicing to the Scandinavian countries, apart from expatriate Danes, Unibank employs account managers who speak local languages. It also has account managers who speak English, German and French who look after clients from other European countries. Unibank's private banking clients fall mainly into two distinct classes, depending upon the capital an individual has for investment and their specific needs. These clients mostly invest in Unibank's investment funds, Frontrunner I and Frontrunner 2, which are umbrella funds that consist of several subfunds offering different investment and risk profiles.
Clients can change their investment strategy by switching subfunds.
Apart from the Frontrunner funds, the bank also offers a variety of pooled-investment funds, including investments with gearing. These clients can also choose to receive a full range of traditional private banking services. Unibank's investment management is carried out inhouse, apart from that done by the subfunds within the Frontrunner umbrella funds. Private banking portfolio managers plug into the rest of the group's asset management resources. Aros Securities, the group's stockbroking arm, recently entered into a co-operation agreement with Flemings, the UK merchant bank, with a view to strengthening its equity analysis and investment banking capabilities in and outside of Scandinavia.