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SEB forming new business area within Asset Management & Life

SEB Invest & Funds includes SEB Funds, formerly Fund Markets, SEB Institutional Management and Investment Management, but in a reorganized form compared with today.

The manager of the newly formed SEB Invest & Funds business area will be William af Sandeberg, previously manager of Investment Management within Asset Management & Life.

"The reorganization and the planned incorporation will provide better market conditions and an independence, " says William af Sandeberg. "This is a necessity for us to be able to retain and strengthen our positions on a growing European savings market in which competition is intensifying."

After the change, Asset Management & Life comprises SEB Invest & Funds, Enskilda Banken and SEB Trygg Liv. The manager of the main group Asset Management & Life will continue to be Anders Mossberg, who is also an Executive Vice President of SEB.

SEB Invest & Funds has some 500 employees and manages about SEK 600 billion, of which one third is in funds.