SEB is to open a Representative office in New Delhi, India during the
autumn of 2007. SEB will there support its client activities, and
further strengthen its position as the Nordic bank of choice for
international business.
The Representative office will facilitate cross-border business
transactions between SEB home markets and India, while further
increasing SEB's understanding of client activities and needs in
India.
SEB's office in New Delhi will also have the responsibility to build
relationships with government agencies and business groups in India
in addition to tending to local and home market clients."India's importance as a base for clients' production and sourcing is
increasing significantly, evidenced by two Swedish companies
establishing operations there every month. SEB's clients are
expanding strongly in India with annual sales increasing by more than
20 per cent," says Magnus Carlsson, Executive Vice President and Head
of Merchant Banking."New Delhi is the natural choice for SEB as the region holds the
highest concentration of SEB clients, and as the capital city is home
to embassies, government offices and other authorities", Carlsson
concludes.
The SEB Group is a North European financial group for 400,000
corporate customers and institutions,
and 5 million private customers. SEB has local presence in the Nordic
and Baltic countries, Germany, Poland, the Ukraine and Russia and has
a global presence through its international network in another 10
countries.On 31 December 2006, the Group's total assets amounted to SEK 1,934bn
while its assets under management totalled SEK 1,262bn. The Group has
about 20,000 employees. Read more about SEB at www.sebgroup.com.
For further information, please contact:
Oscar Lundberg, CRM, Merchant Banking, +46 8 763 91 13
Elisabeth Lennhede, Communications Manager, Merchant Banking, +46
8 763 99 16
