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Skandinaviska Enskilda Banken AB, abbreviated SEB, is a Swedish bank headquartered in Stockholm, Sweden. In Sweden and the Baltic countries, SEB has a full financial service offering. In Denmark, Finland, Norway, Germany, and the United Kingdom, the bank's operations are focused on corporate and investment banking services to corporate and institutional clients. The bank was founded in 1972 by the Swedish Wallenberg family, which is still SEB's largest shareholder through major investment company Investor AB. SEB is the largest Swedish bank by both market capitalisation and total assets.
The Wallenberg family is a prominent Swedish family renowned as bankers, industrialists, politicians, bureaucrats and diplomats, present in most large Swedish industrial groups, like Ericsson, Electrolux, ABB, SAS Group, SKF, AIK, Atlas Copco, Saab AB, and more. In the 1970s, the Wallenberg family businesses employed 40% of Sweden's industrial workforce and represented 40% of the total worth of the Stockholm stock market.
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SAS AB, trading as SAS Group, is a Swedish airline holding company headquartered in Solna Municipality, Sweden. It is the owner of the airlines Scandinavian Airlines, SAS Link, and SAS Connect.
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Peter “Poker” Åke Wallenberg is a Swedish businessman, chair of eight of the sixteen public and private foundations formed by the Wallenberg family or established in memory of family members. The foundations, which are known collectively as the Wallenberg Foundations, annually award funding of approximately SEK 2.2 billion, largely for research and education at Swedish universities.
Traton SE, known as the Traton Group, is a subsidiary of the Volkswagen Group and one of the world's largest commercial vehicle manufacturers, with its MAN, Scania, Navistar, and Volkswagen Truck & Bus brands. The company also has digital services branded as RIO. In 2023, the group sold 338,183 vehicles. The range of products includes light-, medium-, and heavy-duty trucks, as well as vans and buses. As of December 31, 2023, Traton employed around 100,000 people in its commercial vehicle brands.
The Wallenberg Foundations refers collectively to the 16 public and private foundations formed on the basis of donations from members of the Swedish Wallenberg family, or created with funds raised in honor of Wallenberg family members.
Marcus and Amalia Wallenberg Foundation was formed with a donation from the banker Jacob Wallenberg in 1960. The original donation was SEK 442,000.
References
- ↑ "The investor who believes in giving back to his homeland". I by IMD. International Institute for Management Development. 2023-01-03.
- ↑ "Our owners | Navigare Ventures". navigareventures.com. Retrieved 2024-07-06.
- 1 2 Wallenberg, Peter (2023-09-22). "Wallenberg Ecosystem" (PDF). European Corporate Governance Institute.
- ↑ Rasmussen, Louise (4 October 2023). "SAS stock dives 95% as restructuring announced". Reuters.
- ↑ Rasmussen, Louise (4 October 2023). "SAS stock dives 95% as restructuring announced". Reuters.
- ↑ Rasmussen, Louise (4 October 2023). "SAS stock dives 95% as restructuring announced". Reuters.
- ↑ "2023 FAM AB Annual Report" (PDF). Retrieved 2015-04-05.
- ↑ "Our holdings | FAM". fam.se. Retrieved 2024-06-25.
