Jacob Wallenberg

Jacob Wallenberg (born 1956) is a Swedish banker and industrialist, currently serving as a board member for multiple companies. The Guardian has once quoted him as the prince in Sweden's royal family of finance.[1]

Jacob Wallenberg
Born (1956-01-13) 13 January 1956
Stockholm, Sweden
NationalitySwedish
Alma materWharton Business School
OccupationChairman of Investor AB
Vice chairman of ABB, Ericsson, FAM, Patricia Industries
Spouse(s)Marie Wehtje (1986–2008)
Annika Levin (2015–present)
ChildrenLovisa Wallenberg, Jacob Wallenberg Jr, Alice Wallenberg
Parent(s)Peter Wallenberg and Suzanne Fleming
WebsiteInvestor Ab
Wallenberg.com

Background

Wallenberg was born in 1956 in Stockholm.[2] His father, Peter Wallenberg, Sr., was a banker. His mother is Suzanne Fleming. He is a member of the prominent Swedish Wallenberg family.[3]

Wallenberg holds a B.Sc. Economics and M.B.A. from the Wharton Business School, University of Pennsylvania.[2] Wallenberg attended the Royal Swedish Naval Academy and is today an Officer in the Royal Swedish Naval Reserve.

Career

Jacob Wallenberg is Chairman of the Board of Investor AB, a lead shareholder of Nordic-based global companies. He is Vice Chairman of ABB, Ericsson AB, FAM AB and Patricia Industries.

Wallenberg also serves on the Board of Nasdaq Inc. Knut and Alice Wallenberg Foundation and a couple of other Wallenberg Foundations and Stockholm School of Economics.[2]

He is a member of the steering committee of ERT, the European Round Table of Industrialists and the Advisory Board of Tsinghua University School of Economics and Management. He is also member of the Trilateral Commission.

Wallenberg is Honorary Chairman of IBLAC, the Mayor of Shanghai’s International Business Leaders Advisory Council.

Early career

Jacob Wallenberg was the Chairman of Skandinaviska Enskilda Banken.[2] (SEB) from 1998 to 2005 and Vice Chairman from 2005 to 2014. He was the CEO of the Bank in 1997 and EvP and in charge of Corporate and Investment banking 1995-1996.

Wallenberg has been Vice Chairman of Atlas Copco, SAS Group, Stora Enso and served on the board of The Coca-Cola Company,[4] Electrolux, WM-data and Stockholm Chamber of Commerce.

Wallenberg was a member of the steering committee of the Bilderberg Group.[5]

In December 2016, Wallenberg argued that the United Kingdom was no longer the first choice for investments as a result of the Brexit vote.[6]

Honours

See also

References
  1. Martinson, Jane (June 16, 2006). "Jacob Wallenberg £11bn prince in Sweden's royal family of finance". The Guardian. Retrieved December 9, 2016.
  2. "Jacob Wallenberg". Investor AB. Retrieved December 9, 2016.
  3. Jane Martinson, Jacob Wallenberg £11bn prince in Sweden's royal family of finance, The Guardian, 16 June 2006
  4. Jacob Wallenberg, presentation at The Coca-Cola Company's website, accessed on 2012-10-30
  5. Jacob Wallenberg Archived March 11, 2014, at the Wayback Machine, presentation of members at the Bilderberg Group's website, accessed on 2012-10-30
  6. Milne, Richard (December 7, 2016). "Wallenberg says UK is 'not the first' investment choice". Financial Times. Retrieved December 9, 2016.
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