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Pål Bergström new Head of business area Large Corporates & Institutions

Swedbank has recruited Pål Bergström as the new Head of business area Large

Corporates & Institutions. He will take up the position on August 18 at the

latest and will become a member of the Group Executive Committee.

Pål Bergström has extensive experience from the banking industry and has held

several leading positions at Handelsbanken, most recently as Head of Markets.

"I'm very pleased to welcome Pål to Swedbank. His substantial knowledge and

experience will be decisive to bring Large Corporates & Institutions to the next

level in accordance with the bank's strategic direction," says Jens Henriksson,

President and CEO of Swedbank.

Pål Bergström has previously worked in different roles at the Swedish Ministry

of Finance, such as Director-General, Head of the Financial Markets Department,

credit risk management advisor at EKN and as Deputy Chief Economist at the

Swedish National Debt Office.

"I'm very much looking forward to joining Swedbank and to promote the growth of

both people and businesses," says Pål Bergström about the appointment as Head of

Large Corporates & Institutions.

Pål Bergström holds a PhD in Economics from Uppsala University and has also

studied languages and music. He will take up his position at Swedbank on August

18 at the latest.

Contact:

Unni Jerndal, Head of Group Press Office, +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 a wide range of financial

services and products. Swedbank has over 7 million retail customers and around

600 000 corporate customers and organisations with 159 branches in Sweden and

81 branches in the Baltic countries. The group is also present in other Nordic

countries, the US and China. Read more at www.swedbank.com

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