Cobalt has helped Swedbank on its internal restructuring in the Baltics, as a result of which the bank’s existing subsidiaries in Estonia, Latvia, and Lithuania will continue under the ownership of the bank’s new subsidiary, Swedbank AB.
Swedbank is a Nordic-Baltic banking group headquartered in Stockholm. According to Cobalt, the holding company will create a sub consolidated group within a single supervisory mechanism.
“The changes aim to ensure a simple and transparent governance structure with clear decision making that supports the bank's long-term strategy in all four of Swedbank’s home markets – Estonia, Latvia, Lithuania, and Sweden,” said Jens Henriksson, President and CEO of Swedbank.
Cobalt’s team consisted of, in Estonia, Partners Kristel Raidla-Talur, Egon Talur, and Karina Paatsi, Managing Associate Monika Koolmeister, Senior Associates Karli Kutt, Heleri Tammiste, and Heili Haabu, Associate Peep Vahi, and Assistant Lawyer Julija Kostomarova; in Latvia, Partners Gatis Flinters, Sandija Novicka, and Toms Sulmanis, Specialist Counsel Andrejs Lielkalns, Senior Associate Ivo Cimdins, and Associate Krisjanis Buss; and in Lithuania, Partners Eva Suduiko, Akvile Bosaite, and Rokas Daugela, Senior Associate Jovita Valatkaite, and Associate Milda Vaznelyte.
