Mr Hallaker currently works as a banking and insurance sector analyst at Handelsbanken capital markets. He succeeds Bengt Ragna, who has been appointed as head of the chairman’s office. Mr Hallaker takes up his new position on March 1, 2008.

Ulf Riese, CFO of Svenska Handelsbanken, said: Mikael Hallaker has worked as a financial analyst for over 10 years and has in-depth knowledge of capital market issues. He also has a very broad network of contacts among investors and analysts.