Nordea has recruited Swedish central banker Mattias Persson as head of group funding to replace Fanny Borgström, the bank announced yesterday (Tuesday).

Persson will take up his position on 14 October, breaking with a long career at Sveriges Riksbank, where he was most recently director and head of the department for financial stability.

Niklas Ekvall, head of group treasury at Nordea, welcomed Persson to the bank.

“His understanding of the banking industry, the developing banking regulation and experiences from working with these issues internationally will bring a lot of value to Nordea’s funding and treasury activities,” he said.

Borgström is leaving Nordea in August. She was head of group funding since 1997.