Tomas Hedberg New CEO of Swedbank Robur

Regulatory News:

Swedbank AB (STO:SWEDA) (LSE:SWK):

Tomas Hedberg has been appointed CEO of Swedbank Robur. At the moment, Tomas Hedberg is head of interest rate and currency trading at Large Corporates & Institutions, Swedbank. He has held leading positions in the financial sector for many years. He will take up his new position on 28 January 2013.

"I am very pleased that Tomas has accepted the position. He has a proven track record as leader and expert in the financial sector, both on the customer side and product side. This will be very valuable in order to continue to develop our strategy as the leading bank within the savings area," said Catrin Fransson, Swedbank Robur's Chair and Head of Group Products at Swedbank. Swedbank Robur is Sweden's largest and one of the Nordic region's leading asset managers as well as being a wholly owned subsidiary of Swedbank. Every third Swedish citizen saves in Swedbank Robur's funds. Over the years, Swedbank Robur's asset management has been recognised in the form of numerous awards received from the market research companies Lipper and Morningstar.

"I am very proud and honoured to lead Swedbank Robur. Asset managers and fund companies face many challenges in the future, including transparency and ownership issues which are extremely important areas. Saving in funds should be seen as a long-term form of savings and I now look forward to continue simplifying and clarifying our customer offerings, together with Swedbank Robur's talented staff and at the same time take an active part in forming Swedbank’s offerings within the savings area," said Tomas Hedberg, Swedbank Robur's newly appointed CEO.

Marianne Nilsson, acting CEO since May 2012, will continue as deputy CEO and responsible for ownership issues at Swedbank Robur.

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 7.8 million retail customers and around 600,000 corporate customers and organizations with 311 branches in Sweden and approximately 200 branches in the Baltic countries. The group is also present in other Nordic countries, the U.S., China, Russia and Ukraine. As of 30 September, 2012 the group had total assets of SEK 1,965 billion. Read more at www.swedbank.com.

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