– SWEDEN – SEK’s Board of Directors has named Catrin Fransson as the new CEO and President of the Swedish Export Credit Corporation (SEK). She is currently Head of Group Products and a member of the Executive Committee at Swedbank. By appointing Catrin Fransson, the Board of Directors aims to maintain and develop SEK’s position as a premier provider of financing for the Swedish export industry.
“We want to strengthen our focus on customers, which has already begun. We were looking for someone with extensive experience in the financial sector, strong leadership skills and a business focus. Catrin Fransson has a proven ability of developing all aspects of financial companies,” said Chairman of SEK’s Board of Directors Lars Linder-Aronson.
In recent years, Catrin Fransson has been a member of the Swedbank Group Executive Committee. Her duties have included responsibility for the northern region within Swedbank, and in 2007 she was appointed Head of Customer Services in charge of business development. In 2010 she was promoted to Head of Swedish Banking, the largest business area within the bank at the time, with responsibility for 5,000 people. This year she was appointed Head of Group Products, with responsibility for Swedbank Group’s products and services, within the deposits and lending, cards and payments, asset management and insurance. This role includes responsibility for most of Swedbank’s subsidiaries with 1,400 employees in Sweden and 600 in the three Baltic countries. She will now become the first female CEO in SEK’s history spanning more than 50 years.
“I feel a strong commitment to SEK’s mission to strengthen the Swedish export industry by ensuring long-term and competitive financing. For me personally, SEK offers an interesting and challenging next step,” said Catrin Fransson.
“SEK’s new CEO has considerable experience of success in senior positions in one of Sweden’s largest financial firms. She has good personal qualities, as well as relevant professional experience that is well suited to SEK,” added SEK Chairman Lars Linder-Aronson.
Catrin Fransson will assume the role of CEO at SEK’s Annual General Meeting on April 28, 2014. Peter Yngwe will, as previously announced, remain as CEO until then.
About Catrin Fransson
The Swedish Export Credit Corporation (SEK) is a Swedish state-owned company tasked with the mission of securing access to financial solutions on a commercial basis for the Swedish export economy. SEK has a complementary role to banks and creates advantages and security for its clients through its independence, specialization and expertise in international financing. For more than 50 years since it was founded, SEK’s role has been to strengthen the Swedish export industry through financing solutions. In 2012 SEK’s new lending amounted to Skr 56.2 billion and SEK’s total assets at year-end 2012 amounted to approximately Skr 313 billion. SEK has generated a profit every year since it began in 1962 and the company’s dividend to its shareholder, the Swedish Government, for 2012 was approximately Skr 212 million.
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