SWDBY Swedbank A B (PK)

By Dominic Chopping

STOCKHOLM--Swedbank AB said Friday that it has appointed Bjorn Meltzer as acting head of its Large Corporates & Institutions unit.

Ola Laurin will step down as the current head of Large Corporates & Institutions.

"We have updated the strategic direction for Swedbank as a whole," Chief Executive Jens Henriksson says.

"Now I want to see a new leadership that can steer Large Corporates & Institutions into the future."

Bjorn Meltzer has until today been chief financial officer within Large Corporates & Institutions.

The recruitment of a permanent head will now begin, Swedbank said.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

January 15, 2021 03:44 ET (08:44 GMT)

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