The President and CEO is responsible for managing Swedbank’s day-to-day operations in accordance with external regulations and within the framework set by the Board of Directors. The CEO represents the bank externally on various matters, leads the work of the Group Executive Committee and makes decisions after consulting its members.

The Group Executive Committee normally meets once a week.

The CEO also has a Senior Management Forum (SMF), a discussion forum for the implementation and coordination of strategically important issues in the Group. The CEO evaluates the composition of the SMF to ensure that it has the right combination of competence and experience. The SMF usually includes the heads of the business areas and regional managers. The CEO is responsible for evaluating other senior executives and ensuring that the Group has a strategy for competence management.

The Group also includes a Group Asset Allocation Committee, which deals with issues concerning the balance sheet, liquidity and financial risk; a Group Risk and Compliance Committee; and a Group Remuneration Committee, which drafts proposals for remuneration systems and recommends variable remuneration for employees to the Board’s Remuneration Committee.