By Dominic Chopping

STOCKHOLM--Svenska Handelsbanken AB said Monday that Lise Kaae has decided to step down from the board of directors, effective immediately.

The Swedish bank said Ms. Kaae has resigned to avoid a conflict of interest.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

10-05-20 0807ET