# SEB banka

SEB banka is a Private Pension Fund based in Kekavas Novads, Latvia.

## Overview

- **Organization type:** Private Pension Fund
- **Headquarters:** Kekavas Novads, Latvia
- **Region:** Europe
- **Address:** Meistaru iela 1, Valdlauci Kekavas Pagasts, Latvia
- **Founded:** 1993
- **Assets under management:** 1.0B (Altss estimate)
- **Website:** www.seb.lv
- **LinkedIn:** https://lv.linkedin.com/company/seb-latvija

## Regulatory record

- **Reports private funds:** No

## About

SEB banka traces to 1993 as a private pension foundation in Latvia. It operates under the ultimate ownership of Skandinaviska Enskilda Banken AB and maintains 100 percent ownership of IPAS SEB Investment Management and AS SEB atklātais pensiju fonds. The pension fund allocates across equities, fixed income and alternatives. Target exposure to private equity sits at 1 percent. Confirmed holdings include a 4.79 percent stake in Animalcare Group PLC on the LSE, reduced from 5.95 percent in December 2024. Direct real estate positions center on three commercial properties in Riga and Kekavas Novads. Geographic activity remains concentrated in Latvia and the broader Baltic region. Assets under management total 1.0B USD. The firm employs no disclosed headcount figure. It maintains memberships in the Finance Latvia Association, the Swedish Chamber of Commerce in Latvia and the European Covered Bond Council. January 2025 recognition at the BREL Forum highlighted sustainability credentials of the Satekles Biznesa Centrs headquarters. Ownership flows through SEB Life and Pension Baltic SE, creating a regulated insurance-pension structure distinct from standalone family offices or asset managers. Governance ties directly to the Swedish parent rather than a single founding family.

## Sectors

- Diversified
- Financial Services

## People

- Ieva Tetere — Chairwoman of the Management Board
- Arnis Škapars — Member of the Management Board

## Questions

### Who runs investment decisions at SEB banka?

Ieva Tetere serves as Chairwoman of the Management Board. Arnis Škapars sits on the same board and represents the firm in the Swedish Chamber of Commerce in Latvia.

### Does SEB banka participate in fund commitments or only direct deals?

The pension fund maintains a 1 percent target allocation to private equity. Public records show both listed equity positions and direct commercial real estate ownership.

### How is SEB banka related to its parent?

Skandinaviska Enskilda Banken AB holds the firm through SEB Life and Pension Baltic SE, which owns 100 percent of the key Latvian subsidiaries.

## Related profiles

- [Fordham University Endowment](https://altss.com/profile/fordham-university-endowment)
- [Finnish Industry Investment](https://altss.com/profile/finnish-industry-investment)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/as-seb-banka

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology