Goran Lenkel Named President of SkandiaBanken


STOCKHOLM, Sweden, Jan. 27, 2003 (PRIMEZONE) -- Goran Lenkel has been named as the new President of SkandiaBanken. SkandiaBanken operates in two parts, an Internet Bank and an Advisory Bank, and conducts business in Sweden, Denmark and Norway. Goran Lenkel served previously as Vice President and head of the Internet Bank as well as Advisory Bank operations in Norway and Denmark.

As President of SkandiaBanken, Lenkel succeeds Peter Carrick, who has also served as head of the Advisory Bank activities. Gunnar Lindroth will take over as acting head of the Advisory Bank.

SkandiaBanken's Chairman, Ulf Spang, commented: "Peter Carrick has led SkandiaBanken during a very demanding period. He has implemented an extensive savings and restructuring programme in a commendable manner. As the baton is now being handed over, Goran Lenkel is an obvious choice. To a great extent, Goran was the architect behind SkandiaBanken's successful Internet Bank and has a depth of knowledge about the company as well as the market."

For further information, please contact:


 Ulf Spang, Chairman of SkandiaBanken and
   Senior Executive Vice President
 Skandia
 tel. +46-8-788 25 00

 Odd Eiken, Executive Vice President,
   Strategy & Communication
 tel. +46-8-788 25 00

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 The following files are available for download:
 www.waymaker.net/bitonline/2003/01/27/20030127BIT00070/wkr0001.doc
 www.waymaker.net/bitonline/2003/01/27/20030127BIT00070/wkr0002.pdf