By Dominic Chopping

 

STOCKHOLM--Swedbank AB said Tuesday that Chief Compliance Officer Ingrid Harbo has decided to retire.

Ms. Harbo will leave Swedbank on March 31 and the process to recruit a successor will now be initiated, the bank said.

"Ingrid Harbo has played an important role in the bank's work to remedy the shortcomings that among other things were detected in connection to the anti-money laundering crisis," Swedbank said.

"During Ingrid Harbo's management the Compliance-function has realized substantial changes aiming at proactively strengthening the bank's compliance," it said.

 

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

 

(END) Dow Jones Newswires

September 21, 2021 02:48 ET (06:48 GMT)

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