Swedbank CEO Jens Henriksson announced Monday the financial institution is making some major organizational changes “to create simpler and clearer decision-making structures to facilitate the realization of the bank’s strategy.”
Announcement of the restructuring comes at a time when the bank is under investigation by financial supervisory authorities in both Sweden and Estonia, as well as the United States, for alleged money laundering violations. In March 2019, Swedbank’s board of directors dismissed then-Chief Executive Officer Birgitte Bonnesen amid allegations the bank laundered billions of dollars out of Russia under her watch.
