The former chief economist at Stockholm’s ABN Amro Bank, who has been finance minister for seven years, was recognisable for his haircut, an uncommon choice among the world’s finance ministers.
On Twitter, the surprise change was major news, rising to become the most popular trend in the country during the afternoon.
Despite the radical change in haircut, the ring that Borg wears in his left ear was still present.
Don’t forget – The Capitalist is still on the hunt for the City’s best Movember moustaches, with the winner bagging a cut and some products from King’s Road salon Lockenego.
Send your best mos to email@example.com