Changes in the Management of Swedbank LC&I and First Securities
24 10월 2011 - 8:38PM
Business Wire
Regulatory News:
Sindre Støer has been appointed new Global Head of Investment
Banking in Swedbank (STO:SWEDA)(LSE:SWK)(Pink Sheets:SWDBF) and Ulf
Hedendahl has been appointed new CEO in First Securities. J�rgen
Ulvness will step down as CEO of First Securities and Global Head
of Investment Banking. The changes take place with immediate
effect.
The Investment Banking market has undergone significant changes.
To strengthen the bank’s position in this area, Swedbank needs to
adapt its organisation to the changing market conditions. With the
new management for Investment Banking, Swedbank gets in place new
competence and skills that will ensure that the bank is well
prepared to deliver quality solutions to the bank’s customers in a
profitable way.
- The Investment Banking market has changed dramatically and
Swedbank needs to strengthen its position in the area. I’m
therefore happy that Sindre Støer has accepted to take over as head
of our global Investment Banking-operation, commented Magnus
Geeber, Head of Large Corporates & Institutions at
Swedbank.
He continued: - Sindre has during his time in Swedbank showed
very good management skills, in line with Swedbank’s values and
culture. I’m convinced that Sindre with his background and
competence has what it takes to restructure and develop our
Investment Banking-operation going forward.
Sindre Støer continues as responsible for Swedbank’s global
analysis operations, a position he has held since December 2010.
Støer has previously worked for First Securities during two
periods, and has previously also been a top ranked analyst at
Platou Securities and Head of Equities at DnB Investor. Prior to
taking over the job as global head of analysis 2010, Støer worked
in First Securities’ Corporate Finance-unit.
Ulf Hedendahl takes over as CEO of First Securities until the
merger with Swedbank in Norway is fully completed. Hedendahl are
Head of Swedbank’s Norwegian operation, comprising First
Securities.
Swedbank promotes a sound and sustainable financial situation
for the many people, households and companies. Our vision is to
contribute to a development “Beyond Financial Growth”. As a leading
bank in the home markets Sweden, Estonia, Latvia and Lithuania,
Swedbank offers a wide range of financial services and products.
Swedbank has 9.4 million retail customers and around 650,000
corporate customers with 321 branches in Sweden and over 200
branches in the Baltic countries. The group is also present in
other Nordic countries, the U.S., China, Russia and Ukraine. As of
30 June, 2011 the group had total assets of SEK 1,758 billion. Read
more at www.swedbank.com
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