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Report: CEO to step down at Sweden's Skandiabanken

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Report: CEO to step down at Sweden's Skandiabanken

ØyvindThomassen will step down as CEO of Skandiabanken AB (publ), Dagens Industri reported April 13.

Thomassen,who joined the Stockholm-based Skandia Group in 1988, will pursue new careeropportunities within the financial or investment sectors, according to thereport. He said he decided "to take a close look at my future" in thewake of Skandia's divestment of Skandiabanken ASA in Norway.

"Whilethis was a decision I fully stand behind, it did cause me to reflect onmatters," Thomassen reportedly said.

SkandiaGroup CEO Frans Lindelöw is working with the board to appoint a new head forSkandiabanken AB, according to the report.