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Remuneration

SEB aims to attract and retain ambitious employees who are eager to continuously develop, embrace new ways of working and contribute to the bank’s long-term success. Remuneration is part of the total offering that enhances SEB’s attractiveness as an employer. The overall ambition is to promote long-term commitment to creating sustainable value for customers and shareholders.

Remuneration in SEB 2020 (SEK thousands)

  Base
salary
Cash-based
variable remuneration
Expensed amount equity
based programmes
Benefits Total Pensions
President and CEO Johan Torgeby¹ 12,500   3,663 385 16,548 4,071
Other ordinary members of the GEC2)² 62,840   14,820 1,703 79,363 18,893

Total

75,340

0

18,483

2,088

95,911

22,964
SEB excluding GEC 8,893,989 680,839 562,811 64,307 10,201,946 1,498,811

SEB Total

8,969,329

680,839

581,294

66,395

10,297,857

1,521,775


¹) Johan Torgeby did not exercise any share rights in 2020.
²) The number and composition of members may differ somewhat during the year. At the end of the year, the number of members was thirteen. During the year Other ordinary members of GEC have exercised rights to a value of SEK 7,485,759.