Glitnir Bank to open New York Office - Nordic investment bank Glitnir has unveiled plans to establish an office in New York - its first in the US. The new office will provide the backbone to the corporate bank´s North American operations and will particularly aid Glitnir’s current US business drive into the sustainable energy and food manufacturing sectors. The rapidly expanding Nordic bank has already made several acquisitions worldwide since 2004. Glitnir now has offices in the UK, Canada, China and Luxembourg as well as all the Scandinavian countries. The bank’s growth has not only been fast territorially – in 2006 Glitnir posted record profits of 435 million Euros, a doubling from the previous year with an equivalent of almost 40% return on equity.
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