Landshypotek Bank CEO to leave

Landshypotek Bank’s chief executive Liza Nyberg is to leave the member-owned Swedish mortgage lender in order to become chief executive of Collector AB and Collector Bank.

She will continue in her role at the bank until a successor is found.

Nyberg said: “Landshypotek Bank is in a very exciting phase and have a unique position in the Swedish bank market, holding a strong position in financing Swedish farming and forestry, a social responsibility in its business model and all the opportunities when becoming a broader bank for the countryside.

She added: “I have a very stimulating job with all the great coworkers at the bank and the dedicated elected representatives in Landshypotek Ekonomisk Förening. However, the possibility for me to accept this job opportunity at Collector Bank was something I could not turn down.”

Chairman Henrik Toll said that the bank will continue to follow its development strategy and that he would “have preferred that Liza would continue as CEO, but we also wish her the best of luck with her new challenges”.