Sweden-based banking group Swedbank has named Thomas Eriksson as new CEO of equity-based mutual fund company Swedbank Robur.

Mr Eriksson has more than 20 years of experience within asset management, most recently as global head of SEB private banking. He has previously been head of asset management in Sweden at both SEB and Nordea, as well as responsible for the savings area at Nordea in Sweden and globally.

Mr Eriksson will take up his new position on August 1, 2010. Peter Rydell, Swedbank Robur’s interim CEO, will retire once Mr Eriksson takes up his new position.

Mr Eriksson will be a member of Swedbank’s senior management as well as the boards of the fund companies Swedbank Robur Funds and Swedbank Robur Asset Management, which are subsidiaries to Swedbank Robur.

Michael Wolf, CEO of Swedbank, said: “I am very pleased that we have recruited Thomas Eriksson as CEO of Swedbank Robur. With his extensive experience, he is well suited to continue the important work of reaching out with Swedbank Robur’s asset management competence and fund offerings to both existing and new customer groups as well as further strengthening the governance process of the company.”

Swedbank Robur’s current investment portfolio includes equity and fixed-income mutual funds, a range of unit-linked life insurance policies, pension plans and discretionary accounts for institutional clients.