Einar Thodal-Ness has been appointed as the new head of Region South at SEB. The region, which serves private clients and small and medium-sized businesses in southern Sweden, consists of 50 branch offices in the provinces of Skåne, Halland, Småland and Blekinge.
Thodal-Ness, 49, has vast experience within the areas of securities services, treasury and SEB's overseas business. Excluding a three-year period in the late 1980s, he has been employed at SEB since 1978. Thodal-Ness has most recently been head of SEB Merchant Banking in New York - a position he has held since November 2000. Prior to that, he was heading SEB Securities Services 1994-2000. Thodal-Ness was also head of SEB in Tokyo in the early 1990s.
Thodal-Ness replaces John Abrahamson, who was appointed CEO of Enskilda Securities earlier this spring. He will take up his new position after the summer. The work of recruiting a new head of Merchant Banking in New York is underway. Thodal-Ness will continue as manager until a successor has been appointed.
The SEB Group is a North European financial group for corporate customers, institutions and private individuals, with 670 branch offices around Sweden, Germany and the Baltic States. SEB has more than 4 million customers, of whom 1,6 million are e-banking customers. On 31 December 2003, the Group's total assets amounted to SEK 1,279, billion while its assets under management totalled SEK 822 billion. The Group is represented in some 20 countries around the world and has a staff of about 18,000. Read more about SEB at www.sebgroup.com