Client Affairs
Swedish Private Bank Enters Agreement With Ernst And Young Baltic

SEB Private Banking, part of Sweden’s SEB Group, has
concluded an agreement with Ernst and Young Baltic that will
affect its Latvia, Lithuania and Estonia branches.
The agreement aims to provide SEB clients with information on
legislative issues, as well as offer consultations and advice on
tax and legal issues, the firm said in a statement.
When selecting who to collaborate with, head of SEB Private
Banking in Latvia, Aija Miķelsone said: “We evaluated if the
partner was recognised as an expert in the industry, if the
company had a wide network of representative offices in the
world, providing wide knowledge of national legislation and their
interactions, as well as whether the company had a good
reputation and worked in line with SEB values. We are pleased
that our customers will be served by Ernst and Young Baltic
professionals."
In response, Ernst and Young Baltic representative Ilona Butāne
said: “Our task will be to sustain SEB Private Banking’s success
with smart advice on how to act in a changing legal environment,
while considering its clients' individual priorities.”
Consultations for these clients in all three Baltic countries
will be presented in a bespoke price list.
SEB Group, which operates in 20 countries and has approximately
16,500 employees, had SEK1.3 trillion ($209 billion) assets under
management as at 31 March 2013.