East Capital, the frontier and emerging market boutique, has appointed the former Swedish minister for Finance Anders Borg to a new role as an adviser, and to its Advisory Committee providing insight into global economic, political and social trends.
Borg was minister from 2006-14, when he also held the role of president of the Ecofin Council, and held roles related to the IMF and World Bank. He has also chaired the World Economic Forum's initiative on the Global Financial System and has worked with Citi Group, ABN Amro bank and SEB. He has also advised on monetary policy at Sweden's Riksbank.
In the early 1990s, he was a political adviser to then Swedish prime minister Carl Bildt.
Corporate roles have included directorships in companies such as Kinnevik, Millicom, Nordic Entertainment Group and Stena International. He is a senior adviser to IPsoft, Kinnevik and MTG.
Borg commented on his new role that" "I am looking forward to working with East Capital and supporting their investment strategy in emerging markets and growth economies. East Capital has a unique team that has a deep and broad investment experience in these markets."
Peter Elam Håkansson, chairman and CIO of East Capital, added: "We are very pleased to welcome Anders to East Capital. He has exceptional knowledge about the global economy at large as well as in specific emerging markets. In addition to this, Anders has an extensive global network which can be found in most countries we invest in. We look forward to working together to further strengthen our insights into the global economic and political development."
East Capital counts AUM of some €3.2bn in public equity and property funds as well as separate accounts.