SEB Group splits into two entities as founder Chaim Zaher hands over control

The SEB Group, founded by Chaim Zaher, is being divided into two separate businesses with distinct strategies, marking the culmination of a succession process that began over a decade ago. The reorganization transfers control within the Zaher family, ending the group's decades-long unified structure. The split is significant for Brazilian corporate landscape as it reshapes a major conglomerate's operational and strategic direction.