Jacob Wallenberg
Jacob Wallenberg | |
|---|---|
| Born | January 13, 1956 Stockholm, Sweden |
| Occupation(s) | Financier, industrial leader |
| Years active | 1980s–present |
| Known for | Chairman of Investor AB; former Chairman of Skandinaviska Enskilda Banken (SEB) |
Jacob Wallenberg (born 13 January 1956) is a prominent Swedish financier and industrial leader from the renowned Wallenberg lineage, actively involved in governance roles across numerous leading corporations. The Guardian has referred to him as a “prince within Sweden's financial aristocracy.”
Early life and education
Jacob Wallenberg was born in Stockholm to Suzanne Fleming Grevillius and banker Peter Wallenberg Sr. He earned a Bachelor of Science in economics (1980) followed by an MBA (1981) from the Wharton School at the University of Pennsylvania. Additionally, he trained at the Royal Swedish Naval Academy and holds a commission as a reserve officer in the Swedish Navy.
Wallenberg held the position of Chairman at Skandinaviska Enskilda Banken (SEB) between 1998 and 2005, subsequently serving as Vice Chairman until 2014. In 1997, he was appointed CEO, and from 1995 to 1996, he acted as Executive Vice President overseeing corporate and investment banking. His vice chairmanships have included Atlas Copco, SAS Group, and Stora Enso. He has also contributed as a board member for The Coca-Cola Company, Electrolux, WM-data, and the Stockholm Chamber of Commerce.
Currently, Wallenberg chairs Investor AB, a principal investor in Nordic multinational enterprises, and serves as Vice Chairman of ABB, Ericsson, FAM AB, and Patricia Industries. His board memberships extend to Nasdaq Inc, the Knut and Alice Wallenberg Foundation, additional family foundations, and the Stockholm School of Economics. He participates on the steering committee of the Bilderberg Group and is engaged with the European Round Table of Industrialists as well as the advisory board for the Tsinghua University School of Economics and Management. Furthermore, he is affiliated with the Trilateral Commission and holds the title of Honorary Chairman for the International Business Leaders Advisory Council (IBLAC) under the Mayor of Shanghai.
Family
Jacob Wallenberg is the offspring of industrial magnate Peter Wallenberg Sr. and Suzanne Fleming (née Grevillius). In 1986, he wed Marie Wehtje, daughter of civil engineer Urban Wehtje belonging to the Wehtje family. The couple had three children between 1988 and 1990 before their separation in 2008. Since 2014, he has been married to Annika Levin.
Honours
- Commander rank in the Order of the Lion of Finland
- Commander status in Argentina’s Order of May
- Inducted into The Royal Swedish Academy of Engineering Sciences (2000)
- Awarded an Honorary Doctorate in Economics from the Stockholm School of Economics (2005)
- Member of The Royal Swedish Society of Naval Sciences (2006)
- Recipient of H. M. The King's Medal, 12th size gold on Seraphim Order ribbon (2007)
- Conferred Honorary Doctorate in Economics by the Hanken School of Economics, Helsinki (2009)
- Honored with SSE Research Award by the Stockholm School of Economics Institute for Research (2010)
- Awarded Japan’s Order of the Rising Sun, 2nd Class, Gold and Silver Star (2018)
- Decorated with France’s Legion of Honour (2019)
See also
Further reading
- Living people
- 1956 births
- Directors of Coca-Cola
- Members of the Steering Committee of the Bilderberg Group
- Swedish businesspeople
- Wallenberg family
- Royal Swedish Yacht Club sailors
- Swedish Navy officers
- Recipients of the Order of the Rising Sun, 2nd class
- Wharton School alumni
- Stockholm School of Economics alumni
- People from Stockholm