Swedbank and SpareBank 1 establish a Nordic investment bank, SB1 Markets

"We are now expanding our already successful partnership with SpareBank 1 to create a leading Nordic investment bank with a strong Swedish presence. Our combined resources and distribution capacity will create a wide range of opportunities for Swedbank’s corporate clients," says Jens Henriksson, president and chief executive officer of Swedbank.

The jointly owned Nordic investment bank will employ around 240 professionals in Norway, the Unites States and Sweden. The Stockholm team will start off with 35 employees from Swedbank’s Corporate Finance and DCM High Yield teams, and thereafter expand with equity research. Swedbank will own 20 per cent of SB1 Markets.

"Swedbank’s corporate clients will gain access to a larger investment bank, with deeper sector expertise. They will also benefit from enhanced cross-border capabilities, expanded equity research, and wider distribution through the banks' networks and through the Savings Banks alliances," says Bo Bengtsson, head of Corporates and Institutions at Swedbank.

"This is a significant milestone. By combining our strengths and markets in SB1 Markets, we will take our partnership to the next level. Together we will become a truly competitive player on the Nordic market," says Stein Husby, chief executive officer of SpareBank 1 Markets.

The Swedish FSA has been informed and the transaction is subject to approval from the Norwegian FSA. The collaboration is expected to be operational by 1 January 2026.

Contact: 
Magnus Alvesson, Acting Head of Investor Relations, tel. +46 70 610 33 41  
Love Liman Jacobsson, Press Communicator, tel. +46 72 233 92 32