Nordea is the largest financial services group in the Nordic and Baltic Sea region with a market capitalisation of approx. EUR 30bn, total assets of EUR 389bn and a tier 1 capital of EUR 14.2bn, as of end December 2007. Nordea is the region´s largest asset manager with EUR 157bn in assets under management. With approx. 1,300 branches, call centres in all Nordic countries and a highly competitive e-bank, Nordea also has the largest distribution network for customers in the Nordic and Baltic Sea region, including more than 180 branches in five new European markets, including Russia, Poland, Lithuania, Latvia and Estonia. Nordea has approx. 10 million customers and CEO since 2007 is Christian Clausen.