Thomas Altenhain new head of SEB AG, Lars Lundquis

Thomas Altenhain new head of SEB AG
Lars Lundquist new CFO in SEB Group

    Thomas Altenhain has been appointed as new head of division SEB
Germany, chairman of the management committee of SEB AG
    Lars Lundquist has been appointed new chief financial officer CFO
in the SEB Group. He remains responsible for Germany within SEB's group
executive committee
    Anders Rydin leaves his post as CFO by the end of this year, when
he goes into retirement

Lars Lundquist has been working within SEB AG, earlier Bfg, since 1999
and has been heading the bank since January 1st, 2001. He will now
return to Sweden and the position as chief financial officer from
October 1st. He remains in SEB's group executive committee, where he
also will represent SEB Germany.

The present CFO of SEB, Anders Rydin, will from this autumn work as a
Senior Advisor in the finance area. During next year, when he turns 58,
he will go into part time retirement.

The new head of SEB AG will, after regulatory approval by the German
authorities, be Dr Thomas Altenhain. He is 45 years old and presently is
heading American Express in Germany and Austria. Earlier he has worked
for, among others, Bayerische Hypotheken und Wechsel Bank AG and Anlage
and Kredit Bank AG, Zurich. He starts in his new position as head
president of the Vorstand of SEB Germany at September 1st.

    The restructuring of SEB Germany, which has been my main task, will
soon be finished. For SEB, the next stage is to develop our German
business, to grow with the German market. Thus, this is a natural moment
to change the management, says Lars Lundquist. In Thomas Altenhain,
we've found a person with large knowledge of the Banking and financial
sectors, as well as the personal abilities to lead this bank further.

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For additional information, please contact:
Heinrich Schaumburg, Corporate Staff Communication  Investor Relations,
[phone]


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