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The CEO of American Skandia, Wade Dokken partnered with Goldman Sachs and sold the division to Prudential Financial for $1.2 billion. [ 2 ] In 2005 South African financial services group Old Mutual launched a $6.5bn (£3.6bn) bid to acquire majority control of Skandia, which was met with resistance from some of Skandia's shareholders and directors.
The CEO of American Skandia, Wade Dokken, partnered with Goldman Sachs and sold the division to Prudential for $1.2 billion. [16] The combination of American Skandia variable annuities and Prudential fixed annuities was part of Prudential's strategy to acquire complementary businesses that help meet retirement goals.
Wade Dokken (born March 3, 1960) is an American financial writer and businessman. [1] Wade Dokken was raised in rural North Dakota and attended the University of North Dakota, where he studied political science and journalism. [2] After graduating, Dokken became an account executive at Paine Webber.
Skandia, a locale in the Ranger's Apprentice by Australian author John Flanagan Topics referred to by the same term This disambiguation page lists articles associated with the title Skandia .
Lawrence Alan Kudlow (born August 20, 1947) is an American conservative broadcast news analyst, economist, columnist, journalist, political commentator, and radio personality. He is a financial news commentator for Fox Business and served as the Director of the National Economic Council during the Trump Administration from 2018 to 2021.
Skandiabanken (founded on October 3, 1994) is a Swedish online bank owned by Skandia. It has its headquarters in Stockholm, and conducts most of its business over the internet and via telephone. The Norwegian branch of Skandiabanken, founded on April 27, 2000, was separated in 2015. [1] [2] Since November 6, 2017, it is known as Sbanken. [3] [4]
Rank Bank Total assets (billions of US dollars) Headquarter city 1 : HSBC: 2,919.84 London: 2 : BNP Paribas: 2,867.44 Paris: 3 : Crédit Agricole: 2,736.95 Paris
Leif Edvinsson, former head of Intellectual Capital at Skandia, was among the first to recognize that intangible assets, including organizational capital, were not represented in traditional accounting systems. [8] Research regarding organizational capital suggests that there are implications for mergers and acquisitions.