Pressure grows on Swedbank directors in wake of money laundering allegations

Jonathan Boyd
clock • 3 min read

Two of Sweden's biggest providers of occupational pensions, Alecta and AMF, have issued statements ahead of Swedbank's annual general meeting on 28 March, calling for significant changes to the board in the wake of the ongoing money laundering scandal that has rocked the bank. On 26 March, the bank's Nomination Committee stated that it was proposing the election of Kerstin Hermansson as a board member to help it deal with "regulatory compliance and securities issues." "Kerstin Hermansson is the former CEO of the Swedish Securities Dealers Association (Svenska Fondhandlarföreningen), a...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.