Former SEB Private Banking Head Joins Heptagon Capital

Oct 5 2011 | 11:10am ET

The former global head of SEB Private Banking, Hugo af Petersens, has joined Heptagon Capital in London.

Heptagon is a $4.5 billion specialist asset management business established in 2005 by former Morgan Stanley executives.

Af Petersens, who joins Heptagon as a senior advisor, has an extensive career in finance dating to 1976, when he joined Lloyds Bank International in London, becoming area manager for Scandinavia. After a stint in Hong Kong he moved, in 1987 to the investment management division of SEB before joining their private bank in 1992. He remained there until earlier this year, holding posts including managing director of the Luxembourg-based private bank, general manager of the private banking branches in London and Geneva and global head of private banking based in Stockholm.
In his new role, Af Petersens will help Heptagon expand its private client business globally, with a focus on Northern Europe.

Commenting on the new appointment, Fredrik Plyhr, Heptagon founding partner, said that despite the financial crisis, Heptagon has continued to “maintain steady growth in its core areas” allowing it to “add further high-caliber resources to serve our clients.”

Heptagon Capitalis based in London’s Mayfair and was founded in by former Morgan Stanley directors including Eran Ben-Zour, Tarek Mooro and Fredrik Plyhr. Heptagon caters to institutional and ultra high net worth investors.

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