STOCKHOLM: Swedish Export Credit Corporation (SEK) Board of Directors has appointed Magnus Montan as new CEO of the company, a news release said.
Catrin Fransson resigns as CEO for Swedish Export Credit Corporation
He has previously worked as Nordic Head of Business Banking at Nordea and has held several international senior management roles at HSBC. Magnus Montan will take up his position on July 16, 2021 when he succeeds Catrin Fransson.
Magnus Montan has a long experience of international and Nordic banking at Nordea and HSBC with focus on corporate banking and business development. Previously, he was the Nordic Head of Business Banking at Nordea with responsibility for a workforce of some 2,500 employees and a customer portfolio of more than 500,000 corporate customers.
Magnus has also held several senior management roles at HSBC, including Regional Head of Global Trade & Receivables Finance in Latin America, Head of International Business in China, and Head of International Business Strategy in Asia. Magnus Montan holds a Bachelor’s degree in Economics from London School of Economics.
He is a Board Member of Nordea Hypotek and Majblommans Riksförbund, a nonprofit national organization with the mission to decrease the impact of child poverty in Sweden.
“We were looking for someone with a strong business focus and an extensive experience in the financial sector, who can continue to strengthen Swedish export companies. Magnus is a strong and experienced manager with a proven ability to engage and inspire people and in developing and transforming businesses,” says Chairman of SEK’s Board of Directors Lars Linder-Aronson.
A large part of Magnus Montan’s career has been in international businesses and he has a unique experience of having worked and lived in many of Sweden’s most important export markets in Asia, Latin America, Europe and the Nordic countries.
“SEK’s clear mission to strengthen the Swedish export industry is important and contributes to employment and growth. With the company’s strong reputation and competent employees, I look forward to contribute to the continued success of the Swedish export industry and to make SEK’s products available for more Swedish companies. An important part of the work will be to support Swedish companies’ with their climate transition investments, not only in order to reduce their impact on the climate, but also to strengthen their international competitiveness,” says Magnus Montan.
Magnus Montan will take on his position as CEO on July 16, 2021. Until the date of accession, Catrin Fransson will continue in her current role as CEO.
The Swedish Export Credit Corporation (SEK) is a state-owned company that finances Swedish exporters, their suppliers, and international buyers of Swedish products and services. Sustainability is central to SEK’s operations, and therefore it is a natural step to finance the industry’s transition to a fossil-free society; a development that also creates new export opportunities. With lending in 60 countries, SEK has substantial knowledge of international transactions and are a natural business partner in export financing.