CEO of Wallenbergs’ Bank to Step Down After 11 Years at Helm
- Annika Falkengren has worked at Sweden’s SEB for 30 years
- Falkengren was one of the few women CEOs at Sweden’s top firms
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Annika Falkengren, the chief executive officer of SEB AB, will leave the Swedish bank after running it for 11 years.
SEB, which was founded by Sweden’s Wallenberg family in 1856 to become Stockholm’s first private bank, will now start looking for a replacement for Falkengren, the board said in a statement on Monday. The 54-year-old, who will step down as CEO by July, will join Swiss wealth and asset manager Lombard Odier Group as managing partner, according to the statement.