Friday, October 30, 2020

Hedge-Fund Manager Bill Browder Calls for Top Level Staffing Changes at Swedbank as Chairman Resigns

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Bill Browder, co-founder of Hermitage Capital Management. Mr. Browder, who has spent years trying to expose Russian corruption, has called for a “full housecleaning” of those who had oversight of anti-money-laundering compliance at Swedbank.

Swedbank came under scrutiny in February after a Swedish broadcaster reported that at least $4 billion in potentially illicit funds, most of it from Russia, may have passed through the bank’s Estonian branch.

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