Kristian Skovmand is starting a new top job at Swedish bank SEB, working from the large offices on Kungstrådgarden in central Stockholm. He calls the merging of four departments, and his appointment as head of investment banking activities a small adjustment to the SEB machine.
"The departments that I am now responsible for are machines that run incredibly smoothly. This isn't a clean-up operation. It is a small adjustment, where it now makes sense to merge these departments. It is therefore not a revolution against the past - just an adjustment which can make the business more well-oiled from now on," he says, highlighting that investment banking is an important and visible part of SEB.
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