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12.11.2008 16:29:26
Pealkiri
Rein Rätsep steps down as director of SEB Varahaldus
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Rein Rätsep submitted his resignation as the Chairman of the Management Board of SEB Varahaldus on 7 November. “I felt that after the revaluation of SEB's Liquidity Fund stepping down was the right thing to do,” Rätsep explained. “The decision to revalue the fund was justified and right, but as the director of SEB Varahaldus I see it as my duty to accept moral responsibility for what has happened.” “I understand and respect Rein's decision,” said Ahti Asmann, Chairman of the Management Board of SEB. “I value the work he has done in the bank very highly. Over the last thirteen years he has taken charge of a number of key functions, not the least of which has been managing Estonia's biggest asset management company in recent years. I sincerely thank him for the contribution he has made to the bank's development.” Rätsep joined SEB in 1996 and worked in a variety of positions before becoming the director of SEB Varahaldus in 2007. He graduated from Concordia International University in international business management in 1998. For further information please contact: Silver Vohu Head of Communications SEB Telephone: +372 665 5393 Mobile: +52 11 170 E-mail: silver.vohu@seb.ee www.seb.ee