Hedin New SEB CIO is Management Shuffle
Posted by Colin Lambert. Last updated: November 19, 2022
SEB’s deputy head of FICC markets, Svante Hedin, has been appointed chief information officer (CIO) at the bank as part of a wider shuffle of responsibilities – he will take up the role in January 2023.
Hedin joined SEB in Stockholm as head of FX trading in 2013 after several years at JP Morgan in London, where, most latterly was global head of electronic FX trading. His appointment comes as part of a shift at SEB as the bank establishes a new business unit, SEB Embedded to commercialise a “banking-as-a-service” model.
Christoffer Malmer has been named as head of SEB Embedded, he has until now led SEB’s innovation studio SEBx. In his place, Nicolas Moch, currently CIO at SEB, will take over as head of SEBx and Hedin will replace Moch.
“Within the framework of SEBx, we have developed a completely new and complete banking platform where our customers can build their own financial services embedded in their own brand,” says Malmer. “We see good business potential for SEB to become a leading provider of BaaS services and I am happy for the trust and the opportunity to focus on and develop this new business area.”
SEB says SEBx will continue to explore new technologies and develop next-generation banking services and products, in collaboration with partners and fintech companies outside SEB.
“I am grateful that Nicolas Moch, who is a senior and skilled tech leader, will lead SEBx’s important work forward,” says Petra Ålund, head of technology at SEB. “SEBx has a key role in future proofing SEB’s technical capabilities and to drive innovation and business development.
“I would like to welcome Svante Hedin in the role of CIO,” she adds. “For SEB, there is strategic value in that business development, technology and infrastructure are being very close to each other. This is how we can create real benefit and long-term, sustainable value for our customers.”