Management appointments in SEB Group

David Teare, currently Head of division Baltic, has been appointed Group Chief Risk Officer (CRO) and member of the Group Executive Committee (GEC). David Teare has a broad background from relationship and investment banking and his previous positions includes Head of Client Coverage in Merchant Banking.

Johan Andersson, SEB’s CRO since 2010 and Head of Credits and Risk Control since 2004, has been appointed new Head of SEB Germany and additional member of the GEC. He will in his new capacity report to the co-heads of Merchant Banking. The current Head of SEB Germany, Fredrik Boheman, will relocate to SEB in Stockholm.

The appointments are effective as of 1 January 2016. The appointment of new Head of SEB Germany is subject to necessary regulatory notifications, approvals and corporate actions.