Swedbank rejigs management structure; Baltic banking head leaves

Mubasher: Swedbank announced on Monday that its chief risk officer will leave, in the framework of the Swedish lender’s plan to revamp its structure, in a bid to re-win customer trust.

“Today I introduce a new executive team to develop Swedbank and strengthen trust [and] consequently, some executives leave the bank,” Swedbank’s CEO Jens Henriksson said.

The current chief risk officer Helo Meigas and the head of Baltic Banking Charlotte Elsnitz will leave, the bank said in a press release.

“I also initiate an assessment of the corporate culture in Swedbank,” Henriksson stated.

Gunilla Hallros will take over as an interim chief risk officer, while Jon Lidefelt will be acting head of the unit.

On a side note, Swedbank said it would combine its information technology (IT) and digital banking group units, while the cash management, under a new unit called Digital Banking & IT.

Swedbank Pay and payment infrastructure businesses will be merged within one business area Large Corporates & Institutions, to boost the lender’s competitiveness within the two areas.

Source: Mubasher Source: {{details.article.source}}