SEB appoints new strategy and business development lead
Incoming hire returns to SEB after previously working at the bank for over 20 years.
Incoming hire returns to SEB after previously working at the bank for over 20 years.
With a wave of sub-custody exits in the Nordics, SEB is the last remaining local provider operating in the region. GC speak to Ann Magnusson, head of investor services, and Christine Strandberg, regulatory manager, on how it is facing up to the challenges of regulation, technology and increased competition from global custodians.
SEB loses head of investor services for Finland after over a decade with the bank.
The Swedish bank is exploring new services with Brown Brothers Harriman as its assets under custody continue to pile up from the existing relationship.
SEB has become the second bank to select the trade repository for securities lending reporting, after Societe Generale signed up to the service in February.
SEB will use the Regional Custodian workflow which utilises ALERT for storing SSI data related to fund assets in custody.
The move will enable FundRock to expand its fund services to Nordic asset managers, taking on SEB Fund Services’ 20 employees.