Bank replaces CEO

Bank replaces CEO




Handelsbanken has announced the appointment of Anders Bouvin as its new president and group chief executive.

The former head of Handelsbanken UK will take up the position with immediate effect following the departure of Frank Vang-Jensen.

Mr Vang-Jensen departs after the bank’s board unanimously decided that there should be a change of group CEO following extensive analysis.

“This decision is purely related to the individual. Handelsbanken remains strong and our long-term goals stand firm,” said Pär Boman, chairman of the board.

“Being the most senior manager at the bank … requires a special type of leadership – considerably more complex than traditional management.

“Thus, it is possible to be an excellent leader and manager – as Frank Vang-Jensen has been – but not fulfil the requirements of CEO of Handelsbanken.”

Mr Bouvin was a branch manager in New York and general manager of Handelsbanken Denmark before becoming head of Handelsbanken in the UK.

“Anders Bouvin has worked at Handelsbanken for more than 30 years and is totally familiar with the bank’s working methods, culture and values,” added Mr Boman.

“For the past 10 years he has worked at Handelsbanken in the UK, where he has built up a national branch network with stable finances, good profitability – and by far the most satisfied customers in the market.”

The bank confirmed that Andrew Copsey has now been appointed acting CEO of Handelsbanken UK as well as becoming a member of the bank’s senior management. 

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