Executive Management changes at Swedbank

Regulatory News:

Anders Ekedahl, currently head of Savings Banks Business at Swedbank, has been appointed head of Group IT, a new position with overall responsibility for Group IT. Anders Ekedahl succeeds Mats Engstrand as member of Swedbank's Group Executive Committee. Mats Engstrand will continue his role as CIO. Johan Smedman has been appointed head of Savings Banks Business. He is currently head of Swedbank's Central Region.

Anders Ekedahl has worked at Swedbank since 1987 and has a proven track record and experience in many different business areas of the bank. His previous positions included heading the following business operations: head of Customer Offerings and Products, Payments, Card Operations and Corporate Business.

Johan Smedman has been at Swedbank since 2009, starting as regional manager. Prior to joining Swedbank, he was CEO at Roslagen Savings Bank. Internal recruitment for a new Central Region head has begun.

The changes will take effect at the turn of the year.

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 8 million retail customers and around 600,000 corporate customers and organizations with 306 branches in Sweden and approximately 180 branches in the Baltic countries. The group is also present in other Nordic countries, the U.S. and China. As of 30 September, 2013 the group had total assets of SEK 1,832 billion. Read more at www.swedbank.com

This information was brought to you by Cision http://news.cision.com