SWEDEN - AP3 has named Kerstin Hessius (pictured) as its new CEO, following the departure of Tomas Nicolin who left to join Alecta as president.
Hessius will take up her position on September 1.
Currently president of Stockholmsbörsen or the Stockholm stock exchange and a member of the commission on business confidence, Hessius has also been the deputy governor of the Riksbank, the Swedish Central Bank, and CEO of Östgöta Enskilda Asset Management.
Commenting on the appointment, Claes de Neegaard, AP3 chairman, said: “Kerstin Hessius is ideally suited for this position. She has a unique breadth of experience from a series of leading posts in Sweden’s capital markets, both in the private and public sectors.
“She stands for dedicated and proactive leadership and her experience from the Commission on Business Confidence makes her especially well suited to assuming responsibility for the AP3’s increasingly important role as institutional shareholder.”
Hessius added: “Managing the pension capital of the Swedish people is an important and weighty task. It is with great pleasure and enthusiasm that I will take on the role of CEO of AP3. It is particularly stimulating to move to an asset management organisation that has developed a reputation for professionalism and dynamism.”
Industry Voice: Sponsored by Eaton Vance
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.