Turning points: SEB's Torbjörn Iwarson

Torbjorn Iwarson - SEB

Increased funding costs, low client demand, higher capital charges and more onerous regulation are just some of the dizzying challenges facing investment banks in the commodities market. Such factors have combined to give Europe’s banks an extremely hard time over the past year, with many trimming their risk appetite and closing down trading desks in response.

Not so for Stockholm-based SEB. Although the firm is a minnow among investment banks active in the commodity market, the firm reported a