Sweden’s Peter Norman has returned to the front lines of the local stock market after being confirmed as the new chairman of Nasdaq Nordic Ltd’s board, along with new board members Carl Löfgren and Merja Karhapää.
Former chairman Lars Wedenborg spent nine years in the role, and remains a board director for Nasdaq Inc. Nasdaq Nordic board members Hans-Ole Jochumsen and Anne Leppälä-Nilsson also stepped down.
Norman has over three decades of financial industry and political front line experience. He was minister for Financial Markets in the Swedish government in 2010-14, and former CEO of AP7, one of the so-called buffer funds in the Swedish pensions system. He has also been a director of Riksbanken, Sweden’s central bank.
During his time in the government, he lent his name to a method of calculating the costs on a nominal SEK1000 invested in a fund, each month over 10 years , to gauge what actual return an investor could expect. Known as Normanbeloppet, it has been widely used in the Swedish retail funds market to illustrate the costs and returns to investors who may be comparing different funds.
Carl Löfgren is an investment manager at Investor, the Swedish investment company.
Merja Karhapää is chief legal officer and company secretary of Sanoma Group.