The private banking head of Swedbank, Kristel Meos, is leaving the bank, WealthBriefing can exclusively report.

Ms Meos, who is Swedbank’s private banking division head as well as a management member of Swedbank Estonia, is stepping down. Under the change, private banking will be led by Vaiko Tammeväli, who is currently Estonian credit risk manager, this publication has learned.

The private banking department will also have a new manager from August, with Gunnar Toomemets, a former leasing division director, taking the position left vacant by Kadri Vunder-Fontana, who is on maternity leave.

The private bank of the Scandanavian banking group oversees a total of €1.5 billion ($2.2 billion) of financial assets.