Swedbank AB Integrates Operations of Large Corporates & Financial Institutions Unit

Thursday, 31 Jan 2013 03:30am EST 

Swedbank AB announced that its business unit Large Corporates and Financial Institutions (LC&I) was formed to meet the demand for integrated financial solutions among large corporations, financial institutions and organizations. LC&I is taking the next step to further advance its client-centric model. By coordinating its operations internally, LC&I will deliver fully integrated advisory and analysis. Capital Markets coordinates all activities within foreign exchange-, currency- and equity trading. Previously having worked in separate units, the common capital markets unit will meet clients' demand for integrated advisory and product knowledge across all asset classes. A coordinated trading over the asset classes is also expected to improve Value at Risk (VAR). Origination and Advisory summons all units that work with issues and advisory on both the bond- and the equity side, as well as the Structured Finance and Loans & Syndication units. Swedbank Research gathers the Group's macro-, equity- and credit analysis under the guidance of Angelique Angervall. The new Swedbank Research unit will also integrate Swedbank's Economic Research Department. New Chief Economist of Swedbank is Cecilia Skingsley. Ms. Skingsley has been Head of FX and Fixed Income Research at Swedbank since 2007. Swedbank's former Chief Economist Cecilia Hermansson will move on to the new role of Senior Economist, where she will represent the bank in various contexts. 

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