The boards of directors of Avanza Bank Holding AB (publ) and the subsidiary Avanza Bank AB (publ) have appointed Gustaf Unger as the new Chief Executive Officer. Gustaf will assume his position as soon as the Swedish Financial Supervisory Authority (FSA) has approved the suitability assessment. Gunnar Olsson will remain as Acting CEO until then.

Gustaf Unger has both broad and deep bank experience from several senior positions within mainly SEB and Nordea. The focus has been savings and investments through wealth management and private banking, as well as pension. Additionally, he has many years of experience within bank related infrastructure regarding securities, and also some years within corporate finance.

Gustaf's previous roles have been both national and international. In the last two years, Gustaf Unger has been one of the cofounders of a fintech platform focused on the commercial credit market. He has also been a board member of Nordnet AB; a position that he will now resign with immediate effect.

Gustaf Unger is 50 years old with an M.Sc. in Engineering from KTH Royal Institute of Technology as well as an M.Sc. in Business Administration and Economics from Stockholm University.

He also holds a Ph.D. in Mathematical Finance from ETH in Zürich. Gustaf will assume his position as soon as the suitability assessment is approved by the Swedish FSA, which is expected to be during the second quarter this year.