Jorgen Ulvness in new, key position at Swedbank
Swedbank has formed a Investment Banking unit within the business area Large Corporates & Institutions. The new unit is another step towards reaching the ambition to create a more complete Nordic and Baltic customer offering for corporates and institutions. Jörgen Ulvness will head the unit.
- (1888PressRelease) December 24, 2010 - As part of Swedbank’s focus on the newly formed business area Large Corporates & Institutions (LC&I) and the bank’s ambition to strengthen its financial services offering to corporates, institutions and private customers in the Nordic region and Baltic countries, Swedbank recently acquired the remaining 49 per cent of the Norwegian investment bank First Securities.
As part of integrating the parties, LC&I is making a number of organisational changes that include forming a new Investment Banking unit, comprising Equities, Equity Capital Markets and Corporate Finance units, which will be headed by Jörgen UIvness.
Swedbank will together with the operations in Norway offer qualified services in the bond and commercial papers markets, interest rate and currency trading, institutional equity trading and corporate finance as well as offering a Nordic and Baltic research product. The new Investment Banking unit will be an important part in this effort and ensure high quality both in terms of advising, products, services, analysis and customer specific solutions.
"The organisational changes mean that we can create a more attractive customer offering. The new organisation will have a higher customer focus than previously and at the same time be better able to obtain synergies which will make us more efficient and adaptable in our service offering. I´m very happy that Jörgen UIvness will lead our new effort within Investment Banking, especially considering the fine development that First Securities has had under his leadership," says Stefan Carlsson head of LC&I.
In his new role, Jörgen Ulvness will also play a leading part in integrating First Securities. The goal is to transform the Norwegian operations from an advice-driven investment bank to a fully integrated corporate bank with access to Swedbank’s strong balance sheet. A stronger international distribution capacity will provide an important competitive advantage when Swedbank complete transactions on behalf of customers.
"My role will be to take what is best from each organisation and offer this to customers who are interested in a Nordic/Baltic offering where the complexity often is high, and a strong advisory competence in combination with a solid analysis product is highly valued. Together, we will strengthen our offering of customised and competitive financial services to both corporations, financial institutions and private customers," says Jörgen Ulvness.
Further information, please contact:
Stefan Carlsson, Head of Large Corporates & Institutions, Swedbank, phone: +46 73 800 08 42
Jörgen Ulvness, Head of Investment Banking, Large Corporates & Institutions, Swedbank, phone: +47 906 67 877
Henrik Mattsson, Head of Communication, Large Corporates & Institutions, Swedbank, phone: +46 705 55 33 79
Anna Sundblad, Press Officer, Swedbank, phone: +46 70 321 39 95
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 about 670,000 corporate customers with more than 350 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 September 30 2010 the group had total assets of SEK 1,846 billion. Read more at www.swedbank.com
This information was brought to you by Cision http://newsroom.cision.com
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