SEB opens for business in Hong Kong

SEB today announced the bank has received its local banking license in Hong Kong
and can now begin to serve its clients locally. SEB in Hong Kong will offer a
wide range of products for corporate clients, global financial institutions with
activities in the Asian market and Asian institutions interested in
international diversification. The product range of SEB's operations in Asia is
integrated into SEB's global product offering.

"The Asian Market is of growing importance for an increasing number of our
clients. Coincidentely Hong Kong has developed into one of the world's financial
centers and this license will further strengthen SEB's presence in the region",
says Carl Christensson, head of SEB in Hong Kong.

SEB has been serving clients in Asia for more than 30 years through its offices
in Beijing, Singapore, Shanghai and New Delhi and estimates the number of staff
in Asia by the end of the year to 170.

Address:
SEB
17/F, Jardine House
1 Connaught Place, Central
Hong Kong
Tel. [phone]


For further information, please contact Press contact
Carl Christensson, head of SEB in Hong  Elisabeth Lennhede, Press & PR
Kong                                    [phone]
[phone]                         [e-mail]
[e-mail]
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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 some 20 countries
worldwide. On 30 June 2011, the Group's total assets amounted to SEK 2,201bn
while its assets under management totalled SEK 1,356bn. The Group has about
17,500 employees. Read more about SEB at www.sebgroup.com.




Press release (PDF): 


http://hugin.info/1208/R/1542736/472326.pdf




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Source: SEB via Thomson Reuters ONE

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