Reiner Müller-Hanke has been appointed the new CEO in Swedbank Ukraine. Sergey Tigipko will resign from his operational position by the 15th of June 2009 and take up the position as a member of the council of OJSC Swedbank, Businesswire reported.

For the past ten years Reiner Müller-Hanke has served as the CEO of KMB BANK, Bank of Intesa Sanpaolo, in Moscow. Before his present position at KBM Bank Reiner Müller-Hanke has held several top management positions in the financial sector in Germany, Russia and South America.

”We are very pleased to have recruited Reiner Müller-Hanke. With his broad-based competence and experience in the financial sector I am convinced that he is able to navigate us and our clients through this challenging time” says Annika Wijkström, Executive Vice President and Head of International Banking of Swedbank Group.

The appointment requires necessary approval from the National Bank of Ukraine.

Swedbank’s vision is to be the leading financial institution in the markets where we are present. Swedbank has 9.4 million retail customers and 600,000 corporate customers with 419 branches in Sweden, 278 branches in the Baltic countries and another 215 branches in Ukraine. The group is also present in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Moscow, New York, Oslo, Shanghai, St. Petersburg and Tokyo. As of December 2008 the group had total assets of SEK 1,812 billion and approximately 21,000 employees.