SEB has appointed Mats Torstendahl, currently Head of division Corporate & Private Customers within the bank and a member of SEB's Group Executive Committee, as Deputy President and CEO and a member of GEC. The change is effective as of 1 January 2021. Jonas Söderberg has been appointed Head of division Corporate & Private Customers, effective as of 1 January 2021. Jonas Söderberg started at SEB in 1999 and is currently Head of Region North within C&PC. He has during his time at SEB held several senior positions, including Client Executive in Singapore and Germany, Business Advisor to the Head of division Large Corporates and Financial Institutions, and Head of Investor Relations. Jonas Söderberg holds a Bachelor of Science in International Business Administration from Luleå University of Technology. Magnus Carlsson, who started at SEB in 1993 and has been Deputy President and CEO since 2014, will leave his position to become a Senior Banker within SEB, with the change taking effect at the end of 2021. Magnus Carlsson will remain in his position as Deputy President and CEO until assuming his new role, meaning the bank will have two deputy CEOs until that change takes effect.