Handelsbanken Fonder splits operations, launches new board

Handelsbanken Fonder, the asset management arm of the Swedish headquartered financial services and banking group Handelsbanken, is to split its operations into two separate companies as well as set in place a new board.

The split will separate the operations of actively mangaged funds and index funds. As of 1 January 2016, the active funds will be offered by Handelsbanken Fonder AB, while index and ETF funds will be offered by Xact Kapitalförvaltning AB.

Currently both companies have boards made up of the same members. However, going forward they will have different members, which means a new board will be appointed for Handelsbanken Fonder.

Those appointed include Katja Bergqvist (pictured). She will be chair of Handelsbanken Fonder; she is currently chief executive of Handelsbanken Fonder, but will step down from this role when she takes over as chair. Current chair Olof Lindstrand will remain in that position until Bergqvist takes over. An executive search is under way to find a new CEO for the fund provider.

Other appointments to Handelsbanken Fonder’s board, which take effect immediately, include Malin Björkmo, Helen Fasth Gillstedt, Lars Seiz. All three will be independent directors. Robert Lundin continues in his role on the board as an employee representative.

As a fund provider, Handelsbanken Fonder currently offers seven ETFs under the Xact brand. All are listed on the Nasdaq OMX Stockholm.

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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