President and CEOCountry: Sweden
2006 rank: 13
Falkengren, who became CEO in 2005, oversaw a record year at SEB. Operating profits rose 39%, to $2.1 billion, on $5.3 billion in revenue, buoyed by securities commissions, trading volume, and life insurance sales. Although Sweden remains SEB's largest market, Falkengren, 45, runs an international shop: Nearly half of the Swedish bank's revenues and more than half of its 20,000 employees come from abroad.