61KN Westpac 24 S

RNS Number:9075G
Skandinaviska Enskilda Banken
8 March 2000

SEB FIRST TO OFFER FUNDS BY INTERNET ON FONDMARKNADEN.SE.

SEB has become the first large bank to take the step to sell funds via retail
channels other than its own.  Their first business partner is Fondmarknaden.se,
which now offers SEB's almost 100 funds over the net.

Claes-Johan Thureson, head of SEB Fonder, says: "This is a new and interesting
way for us to offer clients our funds.  I think that this retail method is going
to grow for SEB in the future.  Choosing external channels to sell funds is a
way to meet clients' needs and increase accessibility."

Fondmarknaden.se is Sweden's leading marketplace for funds on the Internet.  The
service offers fund information, advice and fund trading.  The client pays
directly through their usual bank account. 

Stellan Forsberg, the managing director of Fondmarknaden.se, says: "The clients
at Fondmarknaden.se often choose SEB's funds when they invest.  We have
therefore become a large client of SEB's. Today's agreement proves this and
means that we now will deepen our co-operation to a long-term relationship.  We
can offer our clients SEB's total fund portfolio."

SEB is the Nordic region's largest player in asset management, managing capital
worth SEK 810 billion.  Prioritised areas are savings and Internet banking.
Seabees Internet bank has 385 000 clients. In April SEB starts Internet banking
in Denmark and in Quarter 3 in Germany. 

Fondmarknaden.se, an independent market player, has Europe's widest fund
portfolio.  Fund statistics are updated daily through an extranet.  Thus can
Fondmarknaden.se offer the market's most up-to-the-minute fund information, as
well as information and ranking for all funds on the market. 

For further information, please contact:

Claes-Johan Thureson, head of SEB Fonder,   tel.   +46 8 763 69 85
Boo Ehlin, Head of External Communications, tel.   +46 8 763 85 77, 
                                                   +46 70 763 85 77
Stellan Forsberg, MD Fondmarknaden.se,      tel    +46 8 545 186 00


END

MSCSSUFEASSSEFD

Westpac 24 S (LSE:61KN)
Historical Stock Chart
From Nov 2024 to Dec 2024

Westpac 24 S (LSE:61KN)
Historical Stock Chart
From Dec 2023 to Dec 2024