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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

Jonathan Boyd
Author spotlight

Jonathan Boyd

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