Swedbank AB is the parent company of Swedbank. Swedbank consists of subsidiaries, associates and joint ventures. The Company operates in six business segments: Swedish Banking, Baltic Banking, International Banking, Swedbank Markets, Asset Management and Insurance, and Shared Services and Group Staffs. On January 1, 2008, Swedbank transferred its operations in Lerum to Sparbanken Alingsas. On January 1, 2008, Swedbank’s seven branches in the municipalities of Osby and Hässleholm were transferred to Sparbanken. On January 2, 2008, Swedbank Robur completed the acquisition of Folksarn Fond AB. In March 2008, the Company completed the acquisition of ZAO OKO Capital Vostok, a Russian corporate finance company from OKO Bank of Finland. In November 2008, Swedbank AB has acquired two investment funds from D. Carnegie & Co AB. In March 2009, Sparbanken Nord acquired four local branch offices, including offices in Kiruna, Pajala, Overkalix and Overtornea, Sweden from Swedbank AB.