23 Sep 2011 08:40

Management appointments in SEB

Bo Magnusson, Executive Vice President and Head of Business Support, will leave SEB on 1 November 2011. Martin Johansson, currently Head of the Baltic division, has been named the new Head of Business Support.

David Teare, currently Head of Client Relationship Management (CRM) within Merchant Banking, has been named the new Head of the Baltic division. David Teare will become an adjunct member of the bank's Group Executive Committee and will report to Martin Johansson.

Peter Høltermand, Head of SEB Denmark, and William Paus, Head of SEB Norway, will also become adjunct members of the Group Executive Committee. As a result, SEB's Nordic focus in senior management will be strengthened further, which reflects SEB's growth initiatives within the Nordic wholesale segment.

Johan Torgeby, currently head of Large Corporates within CRM, has been named the new Head of CRM, Merchant Banking.

The appointments will be effective on 1 November 2011.


For further information, please contact
Viveka Hirdman-Ryrberg, Head of Corporate Communication
+46 8 763 8577, +46 70 550 3500
SEB is a leading Nordic financial services group. As a relationship bank, SEB in Sweden and the Baltic countries offers financial advice and a wide range of financial services. In Denmark, Finland, Norway and Germany the bank's operations have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in its presence in some 20 countries worldwide. On 30 June 2011, the Group's total assets amounted to SEK 2,201bn while its assets under management totalled SEK 1,356bn. The Group has about 17,500 employees. Read more about SEB at www.sebgroup.com.