Swedbank shareholder SEB says likely to vote to clear board of liability for 2018
STOCKHOLM, March 22 (Reuters) - An external report around
Swedbank's alleged link to money laundering was missing
information, but the board had done enough to prevent it from
not clearing the board of liability related to last year's
actions, an investor told Reuters.
"The status report itself is relatively difficult to access
as a lot of information is missing, but in entirety and with the
comments from the company's CEO and board during the day, we
currently have difficulty denying a discharge to the board for
fiscal year 2018," SEB Investment Mangement's head Hans Ek said
in an email.
"We are following developments and will make a final
decision before the annual general meeting on Thursday next
week," added Ek, whose fund is Swedbank's 10th largest investor
with a 2.05 percent stake according to Refinitive Eikon data.
Swedbank's board backed Chief Executive Birgitte
Bonnesen on Friday as some investors questioned a heavily
redacted external report into allegations of money laundering
through its Baltic branches.
(Reporting by Esha Vaish; editing by Niklas Pollard)
First Published: 2019-03-22 08:11:31
Updated 2019-03-22 16:43:06
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