Secure Investing

As a financial institution, SEB believes they “must earn the trust of [their] clients and of society” in order to achieve success. Ensuring regulatory compliance is a top priority for the company as a whole as it can help solidify this important level of trust. In a time where companies are being labeled as fraudulent for mishandling information, there is no better way to gain investors trust than by avoiding embarrassing headlines by taking all measures necessary to abide by new rigorous compliance regulations. Though much change was needed company-wide, SEB’s investment bank, Enskilda Securities, was most impacted with compliance mandates, evoking a complete overhaul of the way the division handled electronic records. The following case study documents the problems SEB faced and how their selection of ZL Unified Archive (UA) resolved them.


Background

Skandinaviska Enskilda Banken AB (SEB) is a Swedish-based financial group founded in 1972 after the merger of Stockholms Enskilda Bank and Skandinaviska Bank. SEB provides retail banking services, merchant banking, wealth management, and life & pension services. SEB now serves over 400,000 corporate customers and institutions and over five million customers in the European Union. The group currently has nearly 20,000 employees with over $330 billion in assets under management. Enskilda Securities, SEB’s investment bank, is a smaller arm of the company that deals exclusively with investments coming from institutions. Being part of a large financial institution brings the investment bank under especially careful watch from European financial regulators.

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