Per Kumle has been recruited as head of Handelsbanken Capital Markets in Norway. Per Kumle was previously CEO of Storebrand Bank ASA. As a member of senior management at Storebrand ASA, he implemented the merger of Finansbanken ASA and Storebrand Bank AS. He has also been CEO for Citigroup in Norway and head of Citigroup's shipping business in northern Europe with location in London.

 

Mikael Ericson, head of Handelsbanken Capital Markets, states, "The recruitment of Per Kumle is a step in our efforts to become the leading investment bank in the Nordic region. With a strong, local organisation in each Nordic country, we can match the major international investment banks."

He continues, "Norway represents a very interesting market that is growing steadily with many players who are assuming an increasingly major international role. Our growing commitment to this market improves not only our Nordic position, it also strengthens our Nordic and global offerings to customers on the Norwegian market."       

 

Per Kumle will take up his position on 17 April 2007.

 

 

 

 

Handelsbanken Capital Markets is Handelsbanken's investment bank. It is responsible for Handelsbanken's transactions in the fixed income, foreign exchange and stock markets, including macroeconomic, equity, credit and financial research, corporate finance, debt capital markets and structured products. More than 500 staff on three continents specialise in financial solutions for Nordic requirements. Handelsbanken Capital Markets is an integral part of Handelsbanken, which has more than 600 branches, operations in 20 countries, total assets of SEK 1,581 billion and an operating profit for 2005 of SEK 15.7 billion. The Bank has around 10,400 employees.