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SEB’s CFO Masih Yazdi Takes Leave of Absence

Peter Kessiakoff Appointed Acting CFO

Masih Yazdi, SEB’s Chief Financial Officer and member of the Group Executive Committee, has decided to take a leave of absence for personal reasons. Peter Kessiakoff has been appointed Acting CFO of SEB and member of the Group Executive Committee. He will work together with Deputy CFO Kenneth Berglund.

Masih Yazdi’s leave of absence starts on 8 December, 2021. The date for his return to the bank has not yet been decided. Peter Kessiakoff will take on the role as Acting CFO and member of SEB’s Group Executive Committee on 8 December, 2021.

Peter Kessiakoff is currently CFO at SEB’s division Corporate & Private Customers, a role he has had since 2020. Prior to that, he worked as a client executive and an equity analyst at SEB, and as equity analyst and strategy and macro analyst at Carnegie Investment Bank. Kenneth Berglund has worked at SEB for 27 years, whereof 15 years as CFO for division Large Corporates & Financial Institutions.

“I welcome Peter Kessiakoff to this acting role and look forward to working with him until Masih comes back,” says Johan Torgeby, SEB’s President and CEO.

This disclosure contains information that SEB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 26-11-2021 08:00 CET.

For further information, contact:
Pawel Wyszynski, Head of Investor Relations
+46 70 462 2111

Press contact:
Frank Hojem, Head of Corporate Communication
+46 70 763 9947

SEB is a leading northern European financial services group with a strong belief that entrepreneurial minds and innovative companies are key in creating a better world. We take a long-term perspective and support our customers in good times and bad. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway, Germany and the United Kingdom, 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 our presence in more than 20 countries worldwide, with around 15,500 employees. At 30 September 2021, the Group's total assets amounted to SEK 3,585bn while its assets under management totalled SEK 2,422bn. Read more about SEB at https://www.sebgroup.com