Urban Funered

Carnegie Quits Privatization Role

The Nordic investment bank Carnegie has asked to be released from its role as an advisor for the Swedish government’s program to privatize public companies.

The move follows criticism from the Financial Supervisory Authority, which fined Carnegie nearly 8 million dollars over a trading scandal.

After the announcement, Urban Funered said he was leaving his position as state secretary at the Finance Ministry. Funered was in charge of Carnegie’s regulatory system at the time of the scandal. His resignation follows that of former Carnegie CEO Karin Forseke from her job as the government’s top advisor on privatizations.

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