SEB today announced the bank has received its local banking license in Hong Kong and can now begin to serve its clients locally. SEB in Hong Kong will offer a wide range of products for corporate clients, global financial institutions with activities in the Asian market and Asian institutions interested in international diversification. The product range of SEB's operations in Asia is integrated into SEB's global product offering.
"The Asian Market is of growing importance for an increasing number of our clients. Coincidentely Hong Kong has developed into one of the world's financial centers and this license will further strengthen SEB's presence in the region", says Carl Christensson, head of SEB in Hong Kong.
SEB has been serving clients in Asia for more than 30 years through its offices in Beijing, Singapore, Shanghai and New Delhi and estimates the number of staff in Asia by the end of the year to 170.
17/F, Jardine House
1 Connaught Place, Central
Tel. +852 31592888
| For further information, please contact|
Carl Christensson, head of SEB in Hong Kong
+852 93 0707 33
| Press contact|
Elisabeth Lennhede, Press & PR
+46 70 7639916
| 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.|