New AP fund Chairs appointed

Niklas Johansson was appointed as the new Chair of AP2, taking his post on 28 May. Mr Johansson has extensive experience as a member of various boards and from a number of leadership positions in the financial sector, including in asset management for the Skandia group. He replaced Ingrid Albinsson, who served as the Acting Chair from 5 February and remains on the Board of Directors as Vice Chair.

Magdalena Wahlqvist Alveskog will take her post as new Chair of the AP3 fund on 1 September. Ms Wahlqvist Alveskog has long worked for the Handelsbanken group, where she has held several leadership positions in asset management, most recently as CEO of Handelsbanken Fonder AB. She will replace Christina Lindenius, who will leave the Board of Directors after nine years. Johan Bygge, Deputy Chair of the AP3 fund, has been appointed Acting Chair until 31 August.

Hans Lindberg, CEO of Finance Sweden, will become the new Chair of the AP7 fund. His background includes serving as Director-General of what was then known as the National Financial Management Authority. AP7’s new Vice Chair will be Henrik Saxborn, who has been a Member of the Board since 2022. They both took their posts on 28 May, replacing Per Frennberg and Emma Ihre, respectively, who left AP7’s Board after eight years.

“The task of the AP funds is to contribute to the Swedish people’s pensions, which means serving on the Board of Directors is a position of great responsibility. We’ve set out stricter requirements for the expertise of board members, which creates conditions for more effective governance and management of Swedes’ pension funds,” says Minister for Financial Markets Niklas Wykman.