61KN Westpac 24 S

RNS Number:5918C
Skandinaviska Enskilda Banken
15 December 1999

New representatives on the Management Committee of BfG

The board (Aufsichtsrat) of BfG Bank AG has appointed new members to its
Management Committee (Vorstand).
The changes will come into effect on 3 January 2000, when SEB assumes ownership
and takes over the management of BfG from Credit Lyonnais.  SEB will be
represented by Lars Lundquist, Lars-Olov Tornquist and Jan Lindberg.

Lars Lundquist, Executive Vice President of SEB, will take over managerial
responsibility for the following areas at BfG:  Trading, Treasury and Asset
Management.  Furthermore, he will be Deputy Group Chief Executive of BfG and
will be responsible for the integration of BfG into the SEB Group.

Lars-Olov Tornquist will be responsible for corporate clients, including real
estate clients.  He will remain part of the management of SEB's office in
Frankfurt.

Jan Lindberg has been appointed controller - with responsibility for economic
issues and auditing.  He was formerly controller for SEB's Retail Distribution
area in Sweden.

Other members of the management team of BfG are:

Karl-Heinz Hulsmann, President of BfG and also responsible for Group Functions
of IT.

Ernst Maul, who is responsible for institutional clients and back-office.

Berndt Kiene, who is responsible for the branch office network of BfG.

For further information, kindly contact:
Boo Ehlin, Press Officer at SEB
Telephone +46 8 763 85 77, 070-763 85 77

END


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