Lars Millberg has been appointed as the new head of SEB Merchant Bank's Global Transaction Services (GTS) unit with immediate effect. GTS offers cash management, trade finance and custody services and employs 670 staff in 17 countries.
Millberg brings extensive experience from a number of roles at SEB Merchant Banking. In his role as head of GTS Corporates, he was responsible for the bank's cash management, trade and supply chain finance products for large companies. Millberg who was previously acting head of GTS succeeds Rikard Josefson who has joined Swedish Länsförsäkringar Bank as managing director.