Business Magnate. He was employed at the Stockholms Enskilda bank in 1925, and two years later he became its Vice president, and subsequently succeeded his brother, Jacob Wallenberg, as Managing Director in 1946. During his career one of the most powerful of trade and industry in Sweden, co-founder and Chairman of the Board of SAAB and Investor. He was also the force behind the fusion between the Stockholms Enskilda bank and Skandinaviska Banken in 1972, from which one of the leading banks was created - Skandinaviska Enskilda Banken (SEB). "To change from the old to the new that's coming... that is the only tradition worth preserving", he once said, a motto he lived up to. He also was President of the Swedish Tennis Association for many years. He is the father of Marc and Peter Wallenberg and also the cousin of Raoul Wallenberg.
Business Magnate. He was employed at the Stockholms Enskilda bank in 1925, and two years later he became its Vice president, and subsequently succeeded his brother, Jacob Wallenberg, as Managing Director in 1946. During his career one of the most powerful of trade and industry in Sweden, co-founder and Chairman of the Board of SAAB and Investor. He was also the force behind the fusion between the Stockholms Enskilda bank and Skandinaviska Banken in 1972, from which one of the leading banks was created - Skandinaviska Enskilda Banken (SEB). "To change from the old to the new that's coming... that is the only tradition worth preserving", he once said, a motto he lived up to. He also was President of the Swedish Tennis Association for many years. He is the father of Marc and Peter Wallenberg and also the cousin of Raoul Wallenberg.
Bio by: Peter Robsahm
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