HQ Bank

HQ AB
Company typePublic
IndustryFinance and banking
Founded1989
(began operations in 2006)
HeadquartersStockholm, Sweden
Key people
Mats Qviberg, founder and chairman
Sven Hagströmer, founder
Patrik Enblad, CEO
Productsmutual funds
Number of employees
200
Websitewww.hq.se

HQ Bank was a Swedish finance and banking corporation founded by Sven Hagströmer and Mats Qviberg (the last names of which form the H and the Q of the bank's name). It began operations in 2006. Due to unmanageable risk and losses its banking licence was revoked in 2010, the bank's crash caused the loss of several billion SEK and is one of the largest banking crashing in Sweden. Several board members were prosecuted for fraud but were acquitted.

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