Management appointments in SEB

New appointments have been made within important core growth areas for SEB.

Anders Mossberg, who has been the head of SEB's life business since 1990, will
assume a new position as Senior Adviser to the CEO. He will have a special focus
on strategic life insurance issues and also coordinate SEB's savings offering -
core areas of strength and future growth for SEB. Jan Stjernström, head of SEB
Trygg Liv Sweden, has been appointed new head of the Life division.

SEB is growing and investing in its corporate and institutional franchise in
Germany. Fredrik Boheman, currently head of Wealth Management, has been
appointed new head of SEB Germany. Fredrik Boheman has a background in
relationship and corporate banking having been both head of Merchant Banking in
Germany and SEB's country manager for Germany. He will in his new capacity
report to the head of Merchant Banking.  Ingrid Engström, currently head of
Group HR & Organisational Development will assume a position as Senior Adviser
to Fredrik Boheman in Germany and support him in driving organisational issues
and change management.  Following the completion of the strategic alignment of
SEB's German retail business, Jan Sinclair, currently head of SEB Germany, will
become deputy Chief Risk Officer (CRO) as of the first quarter 2011, a new
position reporting to Group CRO Johan Andersson.

Anders Johnsson, currently head of Trading & Capital Markets within Merchant
Banking, has been appointed head of Wealth Management. Anders Johnsson has
extensive experience of both capital markets and private banking. In his current
role, he has contributed to further strengthening SEB's number one position with
corporate and institutional customers in the Nordic countries.

Ulf Peterson, currently head of Staff, Retail Banking, has been appointed Head
of Group HR. He has a broad background within SEB from both staff functions and
business areas.

Joachim Alpen, currently head of Foreign Exchange within Trading & Capital
Markets, will assume the position of new head of Trading & Capital Markets.
Fredrik Barnekow, head of Securities Finance within Merchant Banking, has been
appointed head of SEB Enskilda Equities. Both Joachim Alpen and Fredrik Barnekow
will report to the head of Merchant Banking.

"I am happy to announce these management appointments in a phase where SEB is
investing in key growth areas and enhancing its efforts to meet customers' needs
in a seamless and integrated manner. These appointments will further strengthen
the SEB team's commitment to building the leading relationship bank in our part
of the world.  " says President and CEO Annika Falkengren.

The appointments are effective as of 1 November 2010 and accordingly, SEB's
Group Executive Committee will then have the following composition:

Annika Falkengren, President and CEO
Johan Andersson, CRO
Jan Erik Back, CFO
Magnus Carlsson, head of Merchant Banking
Viveka Hirdman-Ryrberg, head of Corporate Communications
Martin Johansson, head of Baltic
Anders Johnsson, head of Wealth Management
Hans Larsson, head of Group Strategy & Business Development
Bo Magnusson, head of Group Staff & Business Support
Ulf Peterson, head of Group HR
Jan Stjernström, head of Life
Mats Torstendahl, head of Retail Banking

The appointment of the new head of SEB Germany is subject to the approval of the
supervisory board and the regulatory authority in Germany.


For further information, please contact

Viveka Hirdman-Ryrberg, head of Corporate
Communications
-46 8 763 8577, +46 70 550 3500
[e-mail]


SEB is a leading Nordic financial services group. As a relationship bank, SEB in
Sweden and the Baltic countries offers financial advice and a wide range of
financial services. In Denmark, Finland, Norway and Germany the bank's
operations have a strong focus on corporate and investment banking based on a
full-service offering to corporate and institutional clients. The international
nature of SEB's business is reflected in its presence in 20 countries worldwide.
On 30 June 2010, the Group's total assets amounted to SEK 2,318bn while its
assets under management totalled SEK 1,328bn. The Group has about 20,000
employees. Read more about SEB at www.sebgroup.com.


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