Glitnir AB becomes HQ Direct

Glitnir AB becomes HQ Direct

HQ AB acquired during October all shares in Glitnir AB. This transaction
complements HQ's existing operations in Investment Banking, and will add value
through an expanded product range and a broadened client base in both Sweden and
abroad.

HQ envisages great potential in focusing on the core operations of the company
and in developing the specialist expertise offered by the employees in this
area. One element of this process is the name change to HQ Direct. 

”HQ possesses financial and operational stability and a strong brand. There is a
good outlook for continued growth in our core business. In addition we aim to
offer our clients access to HQ's successful case-oriented equity research,” says
Lars Hamberg, Acting President, HQ Direct. 

For further information: 
Lars Hamberg, Acting President, HQ Direct, Tel + 46 (0)8 696 17 00
Mikael König, President and CEO, HQ Bank, Tel +46 (0)8 696 17 00 

HQ Bank AB explores, innovates and performs in order to improve wealth and
deliver financial success.
HQ Bank conducts operations within the business units Investment Banking and
Private Banking.
The company is represented in eight locations in Sweden and has its head office
in Stockholm
HQ Bank has around 250 employees.
The parent company HQ AB is listed on the Swedish Mid Cap list of the OMX Nordic
Exchange (HQ).