The Swedish private bank has a new chief.

Sweden’s SEB has appointed Erika Lundquist as its new private banking head, taking over from Martin Gärtner who will remain with the lender as a senior advisor.

Lundquist has more than 25 years' experience from the financial sector and has for the last three years been Head of SEB in Luxembourg.

Joining SEB in 2008, Lundquist has had several positions within large firms and financial organisations as well as in the private banking sector.

Among other stories about SEB, the banking group has collaborated to harness the fast-moving blockchain technology to handle fund trading, as shown here.