Carnegie, an independent investment bank with Nordic focus, has lost its group head of private banking and asset management and announced it would combine the two roles, appointing Per Axman, group head of Asset Management and Private Banking.

According to Carnegie, appointing a general manager for the two business areas would create greater opportunities for business coordination.

Mr Axman will assume his position on 13 August 2007, replacing Lars Bjerrek of the Private Bank, and Niklas Ekvall, the head of Asset Management.

Mr Axman will also join Carnegie’s management team.

“Per will play a key role in Carnegie’s strategy to expand in the two prioritised growth areas Asset Management and Private Banking,” Carnegie’s president and chief executive Stig Vilhelmson said in a statement.

Carnegie provides securities brokering, asset management, and private banking services.