SEB Appoints Christoffer Malmer as Head of New Banking Service Unit

By Dominic Chopping

STOCKHOLM--Skandinaviska Enskilda Banken AB said Tuesday that it has appointed Christoffer Malmer as head of SEB Embedded, a new business unit created to commercialize its banking-as-a-service concept.

Mr. Malmer currently leads SEB's innovation studio SEBx and the bank's Chief Information Officer Nicolas Moch will now take over as head of SEBx.

Meanwhile, Svante Hedin, who is currently deputy head within fixed income, currency and commodity markets, has been appointed new chief information officer.

"Within the framework of SEBx, we have developed a completely new and complete banking platform where our customers can build their own financial services embedded in their own brand," Mr. Malmer said.

"We see good business potential for SEB to become a leading provider of BaaS services."

All changes come into effect from January 2023 and none of the roles are included in the group executive committee, the bank said.

Write to Dominic Chopping at [e-mail]

(END) Dow Jones Newswires

11-15-22 0618ET