Swedbank A

Board/Management Information • Apr 25, 2024

Press Release

25 April 2024

Anti-Financial Crime becomes part of Group Products and Advice

In order to further increase Swedbank's ability to combat financial crime, Anti-Financial Crime (AFC) will be integrated into Group Products and Advice (GPA), effective immediately.

"With this change, we will enhance our ability to integrate anti-financial crime security solutions into our products and services. We will also further improve the efficiency of our processes, which will create added value for customers and free up time in the bank," says Kerstin Winlöf, Head of Group Products and Advice.

Sandra Almström will continue in her role as Acting Head of AFC and will report to Kerstin Winlöf.

"Swedbank aims to be at the forefront of the fight against financial crime. During the five years that AFC has been a Group function, our work to combat financial crime has become a central part of our entire business. Now we are taking the next step and integrating AFC, with its competencies and resources, even more deeply into our operations. This will enable us to take further steps to increase efficiency, improve quality and create an even higher degree of digitalisation," says Jens Henriksson, President and CEO.

With this change, the membership of the Group Executive Committee is reduced by one.

Contact:

Charlotte Nilsson, Press Communicator, +46 76 543 6612

Swedbank empowers the many people and businesses to create a better future. Our vision is a financially sound and sustainable society. Swedbank Group is the leading bank with over 7 million retail customers and 550 000 corporate customers in our four home markets Sweden, Estonia, Latvia and Lithuania. Swedbank Group is also present in other Nordic countries, the U.S. and China. Together we make your financial life easier. Find out more: www.swedbank.com