Swedbank appoints Elisabeth Beskow and Ola Laurin Heads of Large Corporates & Institutions

Regulatory News:

Elisabeth Beskow and Ola Laurin have been appointed Co-Heads of Swedbank (STO:SWEDA)(OSE: SWED)(LSE:SWK) Large Corporates & Institutions. Both will be members of the Group Executive Committee and will report to CEO Birgitte Bonnesen.

Swedbank is today one of the key providers of financial services to large corporations and institutions in the Nordics. Elisabeth Beskow, until today Head of Investment Banking, and Ola Laurin, until today Head of Financial Institutions, have both taken active part in the success of Large Corporates and Institutions.

"I want a leadership that takes our Large Corporates & Institutions-business to the next level. Reviewing the situation, I came to the conclusion that the current environment requires new ways of working and increased collaboration. Together Elisabeth Beskow and Ola Laurin have the experiences and the competences necessary to focus both on client relationships and on transforming the business, which will be the key to succeed in the years ahead, says CEO Birgitte Bonnesen.

The changes will be effective as of 1 May, 2016.

Swedbank AB (publ) shall make this information public in accordance to Securities Market Act (2007:528), Act on Trading in Financial Instruments (1991:980) and/or Nasdaq Stockholm’s issuer rules. The information was submitted for publication on 29 April 2016, at 08.30 CET

Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to development "Beyond Financial Growth”. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 600 000 corporate customers and organisations with 275 branches in Sweden and 144branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 31 December 2015 the group had total assets of SEK 2 149 billion. Read more at www.swedbank.com

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