New Head of Swedbank Russia appointed

Raimo Valo will be appointed the new Head of Swedbank Russia. The appointment will take effect as soon as Raimo Valo receives the necessary permits from the Russian authorities. He succeeds Maris Mancinskis who will continue working on a senior level within the Swedbank Group.

Raimo Valo most recently served as the Russian Country Manager for Glitnir and has more than twenty years of combined experience in the financial and banking industries.

”We are very pleased to have recruited Raimo Valo. Our aim is to expand operations, and with Raimo Valo’s broad-based competence and experience we expect to grow strongly in Russia, both with regards to local business and cross-border activities” says Jan Lidén, President and CEO of Swedbank Group.


For further information:
Jan Lidén, President and CEO, Swedbank, phone: +46 8 585 922 27
Anders Ek, EVP and Head of Strategic and International Banking, Swedbank,
phone: +46 8 585 926 66
Anna Sundblad, Press Manager, Swedbank, phone: +46 70 321 39 95