SEB Asset Management, the asset management arm of Swedish financial services group SEB, has hired Johan Strandberg from Deutsche Bank.

Strandberg, who began his career at SEB in 1978, is to return to the bank's fund arm during the next few months. His specialties include telecoms equipment, chemicals and pharmaceuticals. Strandberg's team at Deutsche was ranked fourth in the Reuters European equities investment report of the 2003 Reuters/Institutional Investor survey.