Swedbank Appoints Peter Wessel as Global Head of Equities Sales and Tomas Eriksson as Head of the Broker/Dealer Operation in New York

Regulatory News:

Within the business area Large Corporates & Institutions Swedbank (Pink Sheets:SWDBF)(STO:SWEDA)(LSE:SWK) is currently developing an integrated Investment Banking and Corporate Banking organisation with the ambition of becoming a top 3 player towards preferred clients. In connection with this Peter Wessel has been appointed Global Head of Equities Sales and Tomas Eriksson has been appointed Head of Swedbank First LLC, the banks broker/dealer operation in New York.

- I am very pleased that Peter Wessel has agreed to take on a global responsibility for Equities Sales. I am confident that Peter is the right man for the job, and that he will ensure the necessary coordination globally and increase the quality of the equity area further, says Jørgen Ulvness, Global Head of Investment Banking, Swedbank.

Peter Wessel was previously Head of Equities at First Securities and he will take up his new position immediately.

- Tomas Eriksson has agreed to take up the position as Head of our broker/dealer operation in New York. International distribution capacity is key to our strategy and Tomas Eriksson´s broad experience combined with his genuine commitment enables us to further strengthen our client offering within Equity related services, says Jørgen Ulvness.

Tomas Eriksson was previously acting Head of Equities at Swedbank and he will start in his new position in the beginning of April.

To the broker/dealer operation in New York Swedbank also have recruited Yvan de Munck as Head of Equity Sales and Jason Fink as Head of Equity Sales Trading. Yvan de Munck and Jason Fink were previously at KBC Bank in New York where they were responsible for European Equity to U.S. investors.

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 9.5 million retail customers and around 680,000 corporate customers with 340 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 December 31 2010 the group had total assets of SEK 1,716 billion. Read more at www.swedbank.com

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