SEB, the Swedish financial services group which includes a private banking arm, has named Peter Kubicki and Frederick Johansson as the new heads of SEB in Luxembourg and New York respectively. Both appointments take effect from 1 September.

Succeeding Lars Friberg as new head of SEB in Luxembourg, Mr Kubicki's most recent role at SEB has been that of head of Trading and Capital Markets in Copenhagen.

Mr Johansson, meanwhile, has been head of SEB Venture Capital in Stockholm, having previously worked in various positions in client relationship management, both in Stockholm and London. Mr Johansson succeeds Christian Dahlberg as the new head of SEB in New York.

SEB offers banking services across Sweden, Germany, Estonia, Latvia and Lithuania. It also has local presence in the other Nordic countries, Poland, Ukraine and Russia and a global presence in the major financial centres.

The SEB Group’s total assets under management total SEK 1,267 billion ($179 billion), as at 30 June 2009.