Sweden’s AP4 appoints new chair

AP4, one of five so-called buffer funds in the Swedish pension system, has announced the appointment of Sarah McPhee its chairwoman.

The appointment was confirmed some two months after AP4 said its its then CEO Mats Andersson was stepping down after a decade in his role.

McPhee, who was appointed by the Swedish government (AP4 is legally defined as a government agency and board members are appointed by government although operationally independent), has previously worked in a number of senior level roles across the local financial services industry. Most recently she was CEO of SPP, and before that was deputy CEO and head of Investments at AMF. She has also worked as head of Business Risk and Control at AP4.

AP4 has some SEK310bn (€33.7bn) in assets as of the end of December 2015. As one of the buffer funds in the pension system, it is mandated to invest to maximise shareholder value over time, with a sustainability focus on climate change and corporate governance.

 

ABOUT THE AUTHOR
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 16 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.

Read more from Jonathan Boyd

preloader
Close Window
View the Magazine





You need to fill all required fields!