During the summer, SEB has appointed new country managers for its Trading and Capital Markets (TCM) business in all three Nordic countries outside Sweden. The move aims to strengthen the local management teams and reinforce the Nordic growth strategy applied by SEB overall and in Merchant Banking in particular.
Previously, the respective heads of Merchant Banking in the three countries were also responsible for TCM, which is the division’s largest business area ahead of Corporate Banking and Global Transaction Services.
SEB recently appointed the respective Merchant Banking heads in Finland and Norway to also be country managers in line with the same Nordic growth strategy. In Denmark, Peter Høltermand already held both positions.
“With the new appointments we have representatives from foreign exchange, fixed income and equities, which will help us focus on all three major asset classes within the business,” says Anders Johnsson, global head of TCM.
He adds that in the long run this will help SEB maintain a diversified income stream in the trading business, which is an advantage in comparison with the competition.
“By appointing new heads of TCM in each of the three Nordic countries SEB shows that there is a clear focus on the Merchant Banking growth plans,” Johnsson says.