Bo Magnusson appointed Head of Business Support...

Bo Magnusson, currently Head of Retail Banking, has been appointed
Head of Business Support, with the overall responsibility for Group
Staff and functions for business support, including IT and
Operations.
 
Mats Torstendahl has been recruited as new Head of Retail Banking.
The division comprise Retail Banking in Sweden, Germany, Estonia,
Latvia and Lithuania and SEB Card. Mats Torstendahl is currently CEO
for Danske Bank in Sweden and has for more than 20 years been active
in developing Östgöta Enskilda Bank and later on Danske Bank.
 
Annika Falkengren, CEO and President of SEB, says:
 
"These are two important pieces falling into place in SEB's ambition
to build the leading bank with the greatest customer satisfaction in
Northern Europe.
 
"Mats Torstendahl has successfully developed a banking operation
where global reach and local presence build strong customer
relations, not least within the area of small- and medium-sized
companies. Mr. Torstendahl has strongly focused on results and
customer satisfaction. All this fits well with our ambitions for the
continued development of SEB's Retail Banking."
 
"Bo Magnusson has made a great contribution as Head of Retail
Banking. With his new area of responsibility we will get a strong
management focus on the development of our total business support."
 
Bo Magnusson has also been appointed Deputy for the CEO and President
Annika Falkengren. Mats Torstendahl has been appointed Executive Vice
President and will also become a member of the SEB Group Executive
Committee.
 
 
SEB is a North European financial group serving some 400,000
corporate customers and institutions and five million private
individuals. SEB has a local presence in the Nordic and Baltic
countries, Germany, Ukraine and Russia, and a global presence through
its international network in another ten countries. On 31 December
2007, the Group's total assets amounted to SEK 2,344bn while its
assets under management totalled SEK 1,370bn. The Group has about
20,000 employees. Read more about SEB at www.sebgroup.com.
 
______________________________________
For further information, please contact:
Odd Eiken, Head of Group Marketing and Communications, [phone]
30
Katja Margell, Head of External Communications, +46 70 745 91 38
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