SWEDEN - Harry Klagsbrun is to head SEB Invest, and has been appointed to SEB's group executive committee as executive vice president.
Klagsbrun was previously president and chief executive officer of Nordic investment bank Alfred Berg between 1996 and 2000, during which time he developed the firm’s asset management business in Sweden and the Nordic region.
Prior to that he was employed as corporate finance manager at Germany’s Handelsbanken between 1989 and 1995, and worked with investment banking at Smith Barney in New York from 1982 and 1989.
SEB Invest - which oversees approximately SEK579bn - will now also become a separate division, with about 520 employees in Sweden, Denmark, Finland, the US as well as at branch offices in London and Oslo. The firm’s operations cover management and sales of mutual funds, as well as institutional management.
Klagsbrun assumes his new position on October 15.
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