No, they use reference photos. Artist Pete Venters was kind enough to pass on his reference photo of Råde, shown below.
Here's what Pete had to say:
"This head shot was used because it was one of the clearest I could find. The oId hair style was transplanted on because R&D wanted the portrait to represent how Olle looks when he won the right to make the card [before he went into the army].
"For the final piece I also adjusted where he was looking and gave him a knowing kind of smile to show he was in control of things."