Sweden's EQT proposes Marcus Wallenberg, Margo Cook as board members

Investor AB

03/05/2021 06:59

STOCKHOLM, May 3 (Reuters) - Private equity firm EQT
 EQTAB.ST  will propose Marcus Wallenberg and Margo Cook as new
board members after Peter Wallenberg Jr and Finn Rausing
declined re-election, it said on Monday.
    Marcus Wallenberg is a board member of bank SEB  SEBa.ST 
and defence firm Saab  SAABb.ST , and vice-chairman of Investor
 INVEb.ST , the prominent Wallenberg family's holding company. 
    Margo Cook, a U.S citizen, is a former president of Nuveen
Advisory Services, one of the world's largest asset managers,
EQT said in a statement.
    Finn Rausing and Peter Wallenberg Jr had served on EQT's
board for eight years and six years respectively.
    "Margo Cook and Marcus Wallenberg will bring additional
perspectives and expertise from the global financial markets and
international business arena, both vital for EQT's future growth
strategy," Magnus Billing of the nomination committee said in a
statement.
    EQT, founded in 1994 by SEB, AEA Investors and Investor AB,
has more than 67 billion euros ($80.5 billion) in assets under
management across 26 active funds.

  

($1 = 0.8320 euros)

 (Reporting by Helena Soderpalm; Editing by Simon Johnson)
 ((helena.soderpalm@thomsonreuters.com; +46 8 700 10 15; Reuters
Messaging: helena.soderpalm.reuters.com@reuters.net))