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The Chief Investment Officer of Sweden's giant pension fund Alecta suddely quit after disagreements with the CEO. Nordea has had to find a new head of Swedish equity research, and Denmark's Industriens Pension has hired a new head of investment risk.

The Chief Investment Officer of Swedish pensions gigant Alecta, Per Frennberg, has suddenly quit his job, due to disagreements with CEO Magnus Biling.

“Per has done a great job, and delivered sector-leading returns for many years. However, Alecta, like the rest of the financial- and insurance sector, is facing new challenges in a ever more digital future, and we need to constantly improve. Per and I have not been in full agreement about how this should happen,” says Magnus Biling in a statement.

Per Frennberg has worked at Alecta since 1995, and been head of asset management and part of comapn management since 2009. Tony Persson, current head of fixed income and strategy, has been named temporary head of asset management.

Denmark’s Industriens Pension names new head of investment risk

Danish pension fund Industries Pension has hired Kasper Lykke Meisner as new head of investment risk. The 39-year old Meisner was previously risk manager at Danish pension fund Pensam, and has 12 years experience in risk management, including three years at Pensam, and positions as risk manager at another pension fund and senior analyst at Nordea Markets. He will lead a team of six, and report to CIO Karsten Kjellerup Kjeldsen.

 

New head of Swedish equity research after top analyst defection at Nordea

Nordea has named transportation stock analyst Erik Golrang as new head of Swedish equity research, writes business daily Dagens Industri. He replaces Martin Nilsson, who has quit after four years as head of Swedish equity research. Nilsson, a top rated telecommunications analyst, will most likely be joining a buyside firm, according to Dagens Industri.

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