Handelsbanken picks new chief
SWEDISH banking group Handelsbanken promoted Frank Vang-Jensen to head the firm, replacing Par Boman who will become chairman.
Vang-Jensen is moving up from his current role as head of Sweden for the lender.
The group’s post-tax profits rose six per cent on the year to SEK15.2bn (£1.2bn) for 2014, although profits in the final quarter were down 3.4 per cent on the year.
Handelsbanken’s model of local decision-making and service continued to gain favour in the UK – its British operating profits jumped 41 per cent on the year to SEK1.61bn, while its loan book grew to £13.94bn.