His new role includes being a member of the boards of Handelsbanken’s subsidiaries and the boards of regional banks outside Sweden. No new CEO of Handelsbanken Sweden will be appointed, the group said in a statement.

Instead, Magnus Ericson, head of Handelsbanken Northern Sweden; Pontus Åhlund, head of Handelsbanken Central Sweden; Carina Åkerström, head of Handelsbanken Stockholm; Katarina Ljungqvist, head of Handelsbanken Western Sweden, and Göran Stille, head of Handelsbanken South East Sweden will report directly to president and group CEO Anders Bouvin.

Meanwhile, Åkerström has been appointed deputy group CEO of Handelsbanken, in addition to her responsibilities at the helm of the Stockholm business. Åkerström, who has been a member of the bank’s senior management since 2008, will also be responsible for Handelsbanken’s large corporates business.

Elisabet Jamal Bergström, head of sustainability, has been appointed chief sustainability officer and will join the bank’s senior management. She replaces Katarina Berner Frösdal, who becomes chief operating officer for the business support units at Handelsbanken in Sweden.

Earlier this year, Stockholm-headquartered Handelsbanken agreed to acquire Dutch wealth management company Optimix Vermogensbeheer.