Changes to the Management and Board of Swedbank Robur

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STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:

As part of ongoing changes at Swedbank, the bank has decided to make certain changes to the Board of the holding company Swedbank Robur AB, owning the fund management company Swedbank Robur Fonder AB. In connection to these changes, Mats Lagerqvist will resign as CEO of Swedbank Robur AB and move on externally.

At an extraordinary general meeting in the holding company Swedbank Robur AB, scheduled for Monday 23 November, the following Board composition will be proposed:

Michael Wolf, CEO of Swedbank AB, new Chairman; Göran Bronner, Chief Risk Officer Swedbank AB, new Board member; Stefan Carlsson, Head of Swedbank Markets Swedbank AB, new Board member; Kjell Hedman, Head of Swedish Banking Swedbank AB, new Board member.

Re-election will be proposed of Bengt-Erik Lindgren, Senior Advisor Swedbank AB.

The new Board’s primary tasks in the near term will be to appoint a new CEO and to work to enhance a wider outreach of Swedbank Robur’s fund management competence and fund offering to both existing and new customer groups.

In connection to the changes, Mats Lagerqvist will resign as CEO of Swedbank Robur AB with immediate effect. Peter Rydell will be acting CEO of Swedbank Robur AB. Peter Rydell most recently comes from the position as Head of Swedbank Region West.

Mats Lagerqvist will be replaced by other representative on the boards of the fund management company Swedbank Robur Fonder AB and Swedbank Robur Kapitalförvaltning AB, which are the subsidiaries of Swedbank Robur AB supervised by the Swedish Financial Supervisory Authority.

Swedbank Robur AB is a wholly owned subsidiary of Swedbank AB.

Swedbank’s vision is to be the leading financial institution in the markets where we are present. Swedbank has 9.4 million retail customers and 600,000 corporate customers with 419 branches in Sweden, 278 branches in the Baltic countries and another 215 branches in Ukraine. The group is also present in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Moscow, New York, Oslo, Shanghai, St. Petersburg and Tokyo. As of December 2008 the group had total assets of SEK 1,812 billion and approximately 21,000 employees. For more information about Swedbank, please visit www.swedbank.com.

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