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  • Title
    CEO and President
  • Company
    SEB Group
  • Country
    Sweden
  • Age
    54

A year of negative interest rates, political and economic uncertainty in Europe, an increasing regulatory burden and a few steep one-time charges challenged SEB, the 160-year old Nordic bank Falkengren has helmed since 2005. Profits slid 14% in local currency (30% in dollars) and revenues were down 21% (36% in dollars) in 2015. The company also divested its German asset management business. To counter these challenges, Falkengren laid out a 10-year plan for the bank that focuses on digital technology and customer service. The Swedish executive, the lone independent director on the Volkswagen board, had a challenging year there as well when a fuel-standards scandal hit the company.

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Personal Information

Country
Sweden
Previous Rank
#3 (EMEA)
Newcomer?
no

Company Financials

2015 Revenues
$9,067
2015 Profits
$1,966
Market Value (as of 8/26/16)
$20,890