History

Carnegie, founded as a trading house by David Carnegie in 1803, is one of the Nordic region’s oldest trademarks. The company comprised a variety of operations and the streamlining towards financial services was initiated with the formation of the investment bank Bankirfirman Langenskiöld in 1932. 

Carnegie in its modern format was formed when its equity brokerage operations expanded in the late 1960s and a number of successful stockbrokers were recruited. Equity research activity was gradually increased and Carnegie developed into a broader investment bank in the 1980s, with a focus on brokering Nordic equities to local and global institutions.  

Carnegie grew sharply in the 1990s and its broad knowledge of Nordic companies was utilised to expand M&A, IPO and ECM advisory operations. Carnegie successively built up a network of wealthy private individuals in private brokerage. This formed the foundation for private banking services, which became a separate business area in 2004. With the acquisitions of HQ Bank and HQ Fonder in 2010, Carnegie assumed a leading role in private banking and in actively managing funds in Sweden.  

Carnegie has an entrepreneurial heritage and has been a pioneer in several areas. Carnegie transformed equity brokerage in Sweden in the 1960-70s. In the 1980-90s, Carnegie was quick to recognise the potential of selling Nordic equities to foreign institutions and was the first Nordic player with offices in both London and New York.

Success was the result of driven employees, a strong track record, customer-oriented work methods, in-depth knowledge of the Nordic markets and strong global distribution.  

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