Jacob
Wallenberg (born 13 January 1956) is a
Swedish
Swedish or ' may refer to:
Anything from or related to Sweden, a country in Northern Europe. Or, specifically:
* Swedish language, a North Germanic language spoken primarily in Sweden and Finland
** Swedish alphabet, the official alphabet used by ...
banker
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...
and
industrialist
A business magnate, also known as a tycoon, is a person who has achieved immense wealth through the ownership of multiple lines of enterprise. The term characteristically refers to a powerful entrepreneur or investor who controls, through perso ...
, currently serving as a board member for multiple companies. ''
The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Gu ...
'' has once quoted him as the prince in Sweden's royal family of finance.
Biography
Early life
Wallenberg was born in 1956 in
Stockholm
Stockholm () is the Capital city, capital and List of urban areas in Sweden by population, largest city of Sweden as well as the List of urban areas in the Nordic countries, largest urban area in Scandinavia. Approximately 980,000 people liv ...
.
His father,
Peter Wallenberg, Sr., was a banker. His mother is Suzanne Fleming Grevillius. He is a member of the prominent
Swedish
Swedish or ' may refer to:
Anything from or related to Sweden, a country in Northern Europe. Or, specifically:
* Swedish language, a North Germanic language spoken primarily in Sweden and Finland
** Swedish alphabet, the official alphabet used by ...
Wallenberg family
The Wallenberg family is a prominent Swedish family, Europe's most powerful business dynasty. Wallenbergs are noted as bankers, industrialists, politicians, bureaucrats, diplomats and military. The Wallenberg sphere's holdings employ about 600 ...
.
[Jane Martinson]
Jacob Wallenberg £11bn prince in Sweden's royal family of finance
''The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Gu ...
'', 16 June 2006
Education
Wallenberg holds a
B.Sc. Economics and
M.B.A.
A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as account ...
from the
Wharton Business School
The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in P ...
,
University of Pennsylvania
The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universitie ...
.
Wallenberg attended the Royal Swedish Naval Academy and is today an Officer in the
Royal Swedish Naval Reserve.
Career
Jacob Wallenberg was the Chairman of
Skandinaviska Enskilda Banken
Skandinaviska Enskilda Banken AB (, abbreviated SEB, is a northern European financial services group headquartered in Stockholm, Sweden. In Sweden and the Baltic countries, SEB has a full financial service offering. In Denmark, Finland, Norway, ...
.
(SEB) from 1998 to 2005 and Vice Chairman from 2005 to 2014. He was the CEO of the Bank in 1997 and EvP and in charge of Corporate and Investment banking 1995-1996. Wallenberg has been Vice Chairman of
Atlas Copco
Atlas Copco (Copco from Compagnie Pneumatique Commerciale) is a Swedish multinational industrial company that was founded in 1873. It manufactures industrial tools and equipment.
The Atlas Copco Group is a global industrial group of companies h ...
,
SAS Group
SAS AB (Scandinavian Airlines System Aktiebolag), trading as SAS Group, is an airline holding company headquartered in the SAS Frösundavik Office Building in Solna Municipality, Sweden. It is the owner of the airlines Scandinavian Airlines and S ...
,
Stora Enso
Stora Enso Oyj (from sv, Stora and fi, Enso ) is a manufacturer of pulp, paper and other forest products, headquartered in Helsinki, Finland. The majority of sales takes place in Europe, but there are also significant operations in Asia and S ...
and served on the board of
The Coca-Cola Company
The Coca-Cola Company is an American multinational beverage corporation founded in 1892, best known as the producer of Coca-Cola. The Coca-Cola Company also manufactures, sells, and markets other non-alcoholic beverage concentrates and syrups, ...
,
Jacob Wallenberg
presentation at The Coca-Cola Company
The Coca-Cola Company is an American multinational beverage corporation founded in 1892, best known as the producer of Coca-Cola. The Coca-Cola Company also manufactures, sells, and markets other non-alcoholic beverage concentrates and syrups, ...
's website, accessed on 2012-10-30 Electrolux
Electrolux AB () is a Swedish multinational home appliance manufacturer, headquartered in Stockholm. It is consistently ranked the world's second largest appliance maker by units sold, after Whirlpool.
Electrolux products sell under a variety ...
, WM-data an
Stockholm Chamber of Commerce
Jacob Wallenberg is Chairman of the Board of Investor AB
Investor AB is a Swedish investment and ''de facto'' conglomerate holding company. It was founded in 1916 and is still controlled by the Wallenberg family through their Foundation Asset Management company FAM. The company owns a controlling st ...
, a lead shareholder of Nordic-based global companies. He is Vice Chairman of ABB
ABB Ltd. is a Swedish- Swiss multinational corporation headquartered in Zürich, Switzerland. The company was formed in 1988 when Sweden's Allmänna Svenska Elektriska Aktiebolaget (ASEA) and Switzerland's Brown, Boveri & Cie merged to crea ...
, Ericsson AB, FAM AB Foundation Asset Management AB is a Swedish foundation asset management company, founded by the three largest Wallenberg foundations in order to manage the assets of the foundations, by means of direct ownership as well as through management and c ...
an
Patricia Industries
Wallenberg also serves on the Board of Nasdaq Inc
Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange, the Philadelphia Stock Exchange, and the Boston Stock Exchange, and ...
. Knut and Alice Wallenberg Foundation
Knut and Alice Wallenberg Foundation (KAW) ( sv, Knut och Alice Wallenbergs Stiftelse) is a Swedish public and private foundation formed in 1917 by Knut Agathon Wallenberg and his wife Alice Wallenberg. It was created to support research in the n ...
and a couple of other Wallenberg Foundations and Stockholm School of Economics
The Stockholm School of Economics (SSE; sv, Handelshögskolan i Stockholm, HHS) is a private business school located in city district Vasastaden in the central part of Stockholm, Sweden. SSE offers BSc, MSc and MBA programs, along with ...
. He is a member of the steering committee of Bilderberg Group
The Bilderberg meeting (also known as the Bilderberg Group) is an annual off-the-record conference established in 1954 to foster dialogue between Europe and North America. The group's agenda, originally to prevent another world war, is now defin ...
, ERT, the European Round Table of Industrialists The European Round Table of Industrialists, abbreviated ERT, is an advocacy group in the European Union consisting of some 50 European industrial leaders working to strengthen competitiveness in Europe. The group works at both national and European ...
and the advisory board of Tsinghua University School of Economics and Management
Tsinghua University School of Economics and Management (abbreviation: Tsinghua SEM; Chinese: 清华大学经济管理学院, ''qīng huá dà xué jīng jì guǎn lǐ xué yuàn ''), is the business school of Tsinghua University in Beijing, China. ...
. He is also member of the Trilateral Commission
The Trilateral Commission is a nongovernmental international organization aimed at fostering closer cooperation between Japan, Western Europe and North America. It was founded in July 1973 principally by American banker and philanthropist David ...
. Wallenberg is Honorary Chairman of IBLAC, the Mayor of Shanghai’s International Business Leaders Advisory Council.
Honours
* Commander of the Order of the Lion of Finland
The Order of the Lion of Finland ( fi, Suomen Leijonan ritarikunta; sv, Finlands Lejons orden) is one of three official orders in Finland, along with the Order of the Cross of Liberty and the Order of the White Rose of Finland. The President o ...
*Commander of the Order of May
The Order of May (in Spanish: ''Orden de Mayo'') is an order of merit and one of the highest decorations in Argentina. The order is named after the May Revolution which led to the birth of the Republic of Argentina. It was founded as the Order ...
, Argentina
*Member of The Royal Swedish Academy of Engineering Sciences
The Royal Swedish Academy of Engineering Sciences or ''Kungliga Ingenjörsvetenskapsakademien'' (IVA), founded on 24 October 1919 by King Gustaf V, is one of the royal academies in Sweden. The academy is an independent organisation, which promo ...
(2000)
*Honorary Doctor of Economics, Stockholm School of Economics
The Stockholm School of Economics (SSE; sv, Handelshögskolan i Stockholm, HHS) is a private business school located in city district Vasastaden in the central part of Stockholm, Sweden. SSE offers BSc, MSc and MBA programs, along with ...
(2005)
*Member of The Royal Swedish Society of Naval Sciences
The Royal Swedish Society of Naval Sciences ( sv, Kungliga Örlogsmannasällskapet, KÖMS), founded in 1771 by King Gustav III, is one of the Royal Academies in Sweden. The Society is an independent organization and a forum for navy and defence i ...
(2006)
*H. M. The King's Medal
H. M. ( His Majesty) The King's Medal ( sv, H.M. Konungens medalj), earlier known as the Court Medal ( sv, Hovmedaljen), is a Swedish honour that may be bestowed upon Swedish and foreign citizens. The medal was created in 1814 and is awarded in di ...
, 12th size gold medal on Seraphim Order ribbon (2007)
*Honorary Doctor of Economics, Hanken School of Economics
Hanken School of Economics (Swedish: ''Svenska handelshögskolan,'' also known as Hanken) is a business school in Finland with two locations, Helsinki and Vaasa. Founded in 1909, it is the oldest business school in Finland, and one of the oldest i ...
, Helsinki, (2009)
*SSE Research Award, Stockholm School of Economics
The Stockholm School of Economics (SSE; sv, Handelshögskolan i Stockholm, HHS) is a private business school located in city district Vasastaden in the central part of Stockholm, Sweden. SSE offers BSc, MSc and MBA programs, along with ...
Institute for Research (2010)
* Order of the Rising Sun, 2nd Class, Gold and Silver Star (2018)
*Legion of Honour
The National Order of the Legion of Honour (french: Ordre national de la Légion d'honneur), formerly the Royal Order of the Legion of Honour ('), is the highest French order of merit, both military and civil. Established in 1802 by Napoleon, ...
, France (2019)
See also
* Wallenberg family
The Wallenberg family is a prominent Swedish family, Europe's most powerful business dynasty. Wallenbergs are noted as bankers, industrialists, politicians, bureaucrats, diplomats and military. The Wallenberg sphere's holdings employ about 600 ...
References
{{DEFAULTSORT:Wallenberg, Jacob
Living people
1956 births
Directors of The Coca-Cola Company
Members of the Steering Committee of the Bilderberg Group
Swedish businesspeople
Jacob
Jacob (; ; ar, يَعْقُوب, Yaʿqūb; gr, Ἰακώβ, Iakṓb), later given the name Israel, is regarded as a patriarch of the Israelites and is an important figure in Abrahamic religions, such as Judaism, Christianity, and Islam. J ...
Royal Swedish Yacht Club sailors
Swedish Navy officers
Recipients of the Order of the Rising Sun, 2nd class
Wharton School of the University of Pennsylvania alumni
Stockholm School of Economics alumni