Svenska Handelsbanken AB (publ) named Michael Green head of its German operations, effective Jan. 1, 2018, subject to regulatory approval.

Green, who serves as chairman of the Swedish bank's subsidiaries and foreign regional banks, will leave the lender's senior management upon the change.

Earlier, the bank reported third-quarter group profit attributable to shareholders of 4.17 billion Swedish kronor, down 9% from 4.56 billion kronor in the same period in 2016.

As of Oct. 17, US$1 was equivalent to 8.16 Swedish kronor.