SWEDEN – Stockholm-based SEB Asset Management has appointed Johan Magnusson as head of investment management, with effect from May.

Magnusson, with over 17 years asset management experience, joined SEB in 1998 as part of the acquisition of ABB Investment Management, where he was head of Swedish operations.

His most recent assignment was as head of private clients at Enskilda Banken, a subsidiary of SEB.

SEB Asset Management has SKr 567bn (€63bn) in assets under management.