Swedbank A

Board/Management Information • Jan 15, 2021

15 January 2021

Björn Meltzer new acting head of the business area Large Corporates & Institutions in Swedbank

In 2020, Swedbank has updated the strategic direction. The manychanges that the financial industryis undergoing globallyare increasing the demand for development. The bank'swork is entering a newphase that includes management changes in the business area Large Corporates & Institutions, where Björn Meltzer will nowserve as acting head.

"We have updated the strategic direction for Swedbank as a whole," says Jens Henriksson President and CEO of Swedbank. "Now I want to see a new leadership that can steer Large Corporates & Institutions into the future."

Ola Laurin will step down as the current head of Large Corporates & Institutions and will be at the disposal of the CEO until he leaves the bank.

"I want to thank Ola Laurin for the work he has done to lead the business area to where it is today. His efforts for the bank in collaboration with Kepler Chevreux have been important to generating great customer value and giving the bank a strong position in green bonds," says Jens Henriksson.

Björn Meltzer has until today been Chief Financial Officer within Large Corporates & Institutions. The recruitment of a permanent head will now begin.

For further information:

Unni Jerndal, Head of Press Office, Swedbank, +46 73 092 11 80

Swedbank encourages a sound and sustainable financial situation for the many households and businesses. As a leading bank in our home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers awide range of financial services and products. Swedbank has over 7 million retail customers and around 600 000 corporate customers and organisations with 160 branches in Sweden and 92 branches in the Baltic countries. The group is also present in other Nordic countries, the USand China. Read more at www.swedbank.com