Stefan Dahlbo new Acting President and CEO of HQ

Stefan Dahlbo has today been appointed as the Acting President of HQ AB and HQ Bank. The process of recruiting a permanent Pressident has been initiated and is expected to be completed during the autumn. 

”Stefan has excellent knowledge of HQ's business, clients and personnel and the financial markets in general, which makes him the best suited to lead HQ for a period with no loss of tempo,” says Mats Qviberg, Chairman of HQ. 

During his period as Acting President of HQ, Stefan will be on leave of absence from his role as President of Investment AB Öresund. 

”I have great respect for current events on the world's financial markets. In future HQ will be entirely focused on its core business, namely professional financial advisory services and asset management. We have a strong track record in these areas as one of the country's most highly innovative and profitable providers. This is where HQ has its future, and from this foundation we will also reinforce our international value proposition,” says Stefan Dahlbo. 

”In addition, Mikael Nachemson will take up the post of new Chairman of subsidiary HQ Bank and, together with Stefan, will form and excellent and powerful leadership pair until a new President has been appointed,” says Mats Qviberg.   

With regard to the board's decision to implement an accelerated closure of the group's Trading operations, there is no new information. The board assesses that the cost of completing this closure will be within the proposed and guaranteed new rights issue of approximately SEK 560 million. Losses thus far during the second quarter are, as previously communicated, approximately SEK 200 million. 

Contact information:

Mats Qviberg, Chairman HQ: +46 8 402 33 00
Stefan Dahlbo, Acting President HQ: +46 8 696 17 00
Mikael Nachemson, Chairman HQ Bank: +46 8 696 17 00
Erik Amcoff, Head of Corporate Communications HQ: +46 8 696 17 61