Swedbank Names Rolf Marquardt Chief Risk Officer
By Dominic Chopping
STOCKHOLM--Swedbank AB on Saturday named Rolf Marquardt chief
risk officer, and said he will take up the position no later than
Mr. Marquardt was recently CFO of Handelsbanken AB but also
served as chief risk officer at the bank with experience of
compliance and risk control at group level.
Swedbank is currently facing regulatory investigations in the
U.S. and Europe stemming from alleged lapses in
Swedbank has been working to strengthen its
anti-money-laundering controls, after a report last year by Swedish
broadcaster SVT said customers moved at least $4 billion in
suspicious funds, much of it through Russia, through the bank's
"The recruitment of Rolf Marquardt helps to further strengthen a
very important key function within the bank," Swedbank CEO Jens
Henriksson said in a statement Saturday.
"He has many years of banking experience from several senior
positions and also a good overview of the industry since time at
the Swedish Bankers' Association."
Write to Dominic Chopping at email@example.com
(END) Dow Jones Newswires
March 16, 2020 03:14 ET (07:14 GMT)
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