SEB is reducing the number of divisions from six to four and is, among other things, merging its wealth management with the bank's capital management, writes Wallenberg's sphere's major bank in a press release.
The bank is also introducing a new function in the form of an operational manager "to further strengthen customer focus and business benefits".
"The changes aim to better equip SEB's organization to continue delivering on the bank's long-term strategy, further strengthen customer focus, and enable faster deliveries to the market", writes the bank.
No changes in the number of employees as a result of the new organizational structure have been communicated.
"There are no such plans linked to the change presented today", writes SEB's press chief Petter Brunnberg in an email to TT.
With the new organizational structure, SEB will have four divisions from the turn of the year, compared to today's six.
The four divisions will be called Corporate & Investment Banking, Business & Retail Banking, Wealth & Asset Management, and Baltic, according to SEB.
