SEB

From MarketsWiki
Jump to: navigation, search
Tradeweb.jpg
SEB
Founded 1856
Headquarters Stockholm, Sweden
Employees 16,000
Products Corporate and investment banking
Website www.SEBGroup.com
Releases Company News

SEB is a leading Nordic corporate bank located in Sweden.

History

In 1856, André Oscar Wallenberg started Sweden's first private bank, becoming the country's first venture capitalist.

In 1900-1910 the bank established its head offices at Kungsträdgårdsgatan, Sweden. The banks stopped issuing their own bank notes, and the Swedish Central Bank took over the issue of notes.

From 1930-1940 an international recession spread over Europe, and things came to a head when Ivar Kreuger died in Paris in March 1932. Kreditbolaget was renamed to Skandinaviska Banken in 1938.

On 1 January 1972, Skandinaviska Banken and Stockholms Enskilda Bank merged to form Skandinaviska Enskilda Banken, with the aim of creating a bank which could meet the competition from the major international banks.

From 2010 to the present, SEB has focused on offering universal banking services in Sweden and the Baltic countries and a full-service offering to corporate and institutional clients in the Nordic countries and Germany, with a presence in some 20 countries worldwide.

Products and Services

Finance, banking, advisory, wholesale banking, retail banking, mutual funds, life insurance, pension

Key People

References