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Finland's EAB Group realigns business divisions

Finnish asset manager EAB Group Oyj has streamlined its operational model and made changes to its executive group.

The company said that, effective Jan. 1, it will have two areas of business operations: private customers and institutional customers. Private banking activities will be merged into private customer operations, and corporate services will become part of the CEO's remit and not be a separate business area.

Additionally, the company disbanded the extended executive group previously in operation. Moving forward, the executive group operating under CEO Daniel Pasternack will comprise CFO Roman Cherkasov, Vice President Raisa Friberg, private customer business head Area Rami Niemi, administration and human resources head Taavi Rissanen and institutional customer business area head Kristian Warras.