Jacob Wallenberg (born 13 January 1956) is a Swedish banking and industrialist from the Wallenberg family who currently serves as a board member for multiple companies. He was described by The Guardian as a “prince in Sweden's royal family of finance”.
Biography
Early life and education
Wallenberg was born in
Stockholm in 1956 into the Wallenberg family, the son of banker Peter Wallenberg Sr. and Suzanne Fleming Grevillius.
[Jane Martinson, Jacob Wallenberg £11bn prince in Sweden's royal family of finance, The Guardian, 16 June 2006] He was educated at the
Wharton School of the University of Pennsylvania, receiving a BS in
economics in 1980 and an MBA in 1981.
He also studied at the Royal Swedish Naval Academy and is a
reserve officer in the
Swedish Navy.
Career
Jacob Wallenberg was Chairman of Skandinaviska Enskilda Banken (SEB)
from 1998 to 2005 and Vice Chairman from 2005 to 2014. He was CEO of the bank in 1997, and, between 1995 and 1996, served as EVP and head of corporate and investment banking. Wallenberg has also served as Vice Chairman of
Atlas Copco,
SAS Group, and
Stora Enso, and has served on the boards of The Coca-Cola Company,
[ Jacob Wallenberg , presentation at The Coca-Cola Company's website, accessed on 2012-10-30] Electrolux,
WM-data, and the
Stockholm Chamber of Commerce.
Jacob Wallenberg is Chairman of the Board of Investor AB, a lead shareholder of Nordic-based global companies. He is Vice Chairman of ABB Group, Ericsson, FAM AB, and Patricia Industries. Wallenberg also serves on the boards of Nasdaq Inc, the Knut and Alice Wallenberg Foundation, various other Wallenberg family foundations, and the Stockholm School of Economics.
Family
He is the son of Peter Wallenberg Sr. and Suzanne Fleming (née Grevillius).
In 1986 Wallenberg married Marie Wehtje, a daughter of civil engineer Urban Wehtje of the
Wehtje family, and Merete Wehtje (née Bylandt-Grøn, in
Denmark).
[ Svenska släktkalendern 1992, red. Elisabeth Thorsell, Almqvist & Wiksell Internationell, Stockholm 1987 s. 253, 259] Their marriage produced three children, born in 1988, 1989 and 1990. They divorced in 2008.
[ Jacob och Marie skiljer sig. ] Since 2014, he has been married to
Annika Levin.
[ De är välkomna på bröllopet][ Hon är Wallenbergs nya kärlek ]
Honours
-
Commander of the Order of the Lion of Finland
-
Commander of the Order of May, Argentina
-
Member of The Royal Swedish Academy of Engineering Sciences (2000)
-
Honorary Doctor of Economics, Stockholm School of Economics (2005)
-
Member of The Royal Swedish Society of Naval Sciences (2006)
-
H. M. The King's Medal, 12th size gold medal on Seraphim Order ribbon (2007)
-
Honorary Doctor of Economics, Hanken School of Economics, Helsinki, (2009)
-
SSE Research Award, Stockholm School of Economics Institute for Research (2010)
-
Order of the Rising Sun, 2nd Class, Gold and Silver Star (2018)
-
Legion of Honour, France (2019)
See also
Further reading
