SEB has promoted Robert Celsing, formerly global head of FX and commodities, to global head of markets with the group, Profit & Loss has learnt.
Under his new mandate, Sweden-based Celsing is now responsible for FX, commodities, rates, credit and equities.
He steps up to replace the former global head of markets, Joachim Alpen, who in turn has been promoted to co-head of the merchant bank.
Alpen will be reporting directly to Annika Falkengren, SEB Group CEO.
While the bank is considering whether to further reorganise its markets organisation, Erik Bauer will take over as acting head of global FX and commodities in the interim period.
Bauer will be returning to Stockholm from New York, where he ran the bank's US businesses in FX, fixed income and equities.
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