Olof Sundblad new Head of Baltic Banking

01 Apr 2025 08:45 CEST

Swedbank has today appointed Olof Sundblad as the permanent Head of Baltic
Banking. He has been Acting Head of the same business area since October 2024
and will therefore continue to be part of the Group Executive Committee.

"Olof is strategic and knowledgeable. His experience from leading positions in
the business area is a strong foundation for the continued successful
development of our operations," says Jens Henriksson, President and CEO of
Swedbank.

Olof Sundblad holds a Master of Science in Economics and Business Administration
from Stockholm School of Economics. He has previously been CFO of Baltic Banking
and has also held a variety of other positions in the financial industry since
2006.

"In the growing economies of Estonia, Latvia and Lithuania, the opportunities
for Swedbank are plentiful. I look forward to continuing building on our strong
presence in the Baltic markets by focusing on customer benefit," says Olof
Sundblad, new Head of Baltic Banking.

Baltic Banking is one of Swedbank's four business areas with approximately 3.5
million private customers and 300,000 corporate customers in the home markets of
Estonia, Latvia and Lithuania. The business area accounts for nearly one third
of Swedbank's total operating profit.

For a detailed CV and additional press photo, visit:
swedbank.com (https://www.swedbank.com/about-swedbank/management-and-corporate
-governance/ceo-and-group-executive-management/photos-and-cvs/olof
-sundblad.html).

Contact:
Hannes Mård (hannes.mard@swedbank.se), Head of Press, +46 73 057 41 95

Swedbank empowers the many people and businesses to create a better future. Our
vision is a financially sound and sustainable society. Swedbank Group is the
leading bank with over 7 million retail customers and 550 000 corporate
customers in our four home markets Sweden, Estonia, Latvia and Lithuania.
Swedbank Group is also present in other Nordic countries, the U.S. and China.
Together we make your financial life easier. Find out more: www.swedbank.com

More information:
Access the news on Oslo Bors NewsWeb site

642731_Olof_Sundblad_new_Head_of_Baltic_Banking.pdf