Carnegie Investment Bank AB: Changes to the Management Team.STOCKHOLM, Sweden -- Regulatory News: Carnegie Investment Bank Carnegie Investment Bank AB is a Swedish company which specialises in stockbroking, investment banking and asset management. History Carnegie was founded in 1803 when David Carnegie, Sr., a Scotsman, founded D. Carnegie & Co AB in Gothenburg. AB (STO:CAR) has strengthened the management team with the following members as of November 25, 2008: * Peter Baekgaard, Group Head of business segment Securities (also Head of Securities in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) * Peter Baarnhielm, Group Head of business segment Investment Banking (also Head of Investment Banking in Sweden) * Claes Johan Geijer, Group Head of business area Private Banking (also Managing Director of Private Banking in Luxembourg) The following individuals will remain members of the management team: Mikael Ericson, President with overall responsibility for the Securities/Investment Banking business area, Steinar Lundstrom, Group Head of business area Asset Management, Kristina Schauman, CFO See Chief Financial Officer. , and Anders Karlsson Anders Karlsson, born 1951, is a Swedish social democratic politician, member of the Riksdag since 1998. , CRO. Following the separation of Carnegie and Max Matthiessen, Christoffer Folkebo, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Max Matthiessen, is no longer a member of Carnegie's management team. "Following a very turbulent period, we can now focus on our business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . The management team has been strengthened with the addition of three members while a number of key persons have been asked to leave Carnegie. A consequence of the fact that Carnegie Investment Bank and Max Matthiessen are now operating as independent companies, Private Banking is once again a separate business area. Work on risk reduction has been intensified in recent weeks and the cost reduction programme is now being resumed," says Mikael Ericson, President of Carnegie Investment Bank AB. Carnegie Investment Bank is a leading independent investment bank with Nordic focus. Carnegie provides value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. in securities brokering, investment banking, asset management and private banking. Carnegie has approximately 800 employees in eight countries. This information was brought to you by Cision http://www.cisionwire.com |
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