SEB today announced that Hanse Ringström, in his role as responsible for SEB's Asian franchise, will relocate to Hong Kong upon the opening of the new branch this summer. Additionally, Carl Christensson has been appointed head of SEB's Hong Kong branch and will also be located there. This will strengthen SEB's presence in the region as the Asian market grows in importance for an increasing number of SEB's clients and Hong Kong has developed into an important financial centre in the world economy.
Ringström is responsible for SEB's Asian franchise as well as Chairman of SEB Asia Advisory Board, since a number of years and in addition also a member of the Merchant Banking management team. Christensson is deputy head of Structured Finance at the Merchant Banking division and previously to this head of SEB's Shanghai branch which he also established.
SEB has operated in Asia for over 30 years through offices in Beijing, Singapore, Shanghai and New Delhi.
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| 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 20 countries worldwide. On 31 December 2010, the Group's total assets amounted to SEK 2,180bn while its assets under management totalled SEK 1,399bn. The Group has about 17,000 employees. Read more about SEB at www.sebgroup.com.|