Stockholm (HedgeNordic) – Erik Thedéen, the head of the Swedish financial watchdog – the Swedish Financial Supervisory Authority, has been appointed as the new Governor of Riksbank to succeed Stefan Ingves. Ingves leaves Sweden’s central bank at the end of the year when his term of office expires after 17 years as governor.

“We are very pleased to be able today to present Erik Thedéen as new Governor of the Riksbank and a highly qualified replacement for Stefan Ingves, whose mandate expires at the end of the year,” announced Chair of the General Council, Susanne Eberstein, and Vice Chair, Michael Lundholm, in a joint comment. “The General Council is unanimous in this appointment.” Thedéen has been appointed for a term of office of six years. He will take up his post on January 1 next year and will take part in the monetary policy meeting in February 2023.

“We are very pleased to be able today to present Erik Thedéen as new Governor of the Riksbank and a highly qualified replacement for Stefan Ingves, whose mandate expires at the end of the year.”

Erik Thedéen has been Director General at the Swedish Financial Supervisory Authority (FSA) since 2015. He has a long and solid professional background in the financial sector in Sweden and abroad. Thedéen previously served as Deputy Director General of the Swedish National Debt Office, President of the Stockholm Stock Exchange, CEO of KPA Pension, as well as a strategist at Brummer & Partners. He also served as State Secretary at the Swedish Ministry of Finance. At the beginning of his career, Thedéen worked at JP Bank as an interest rate analyst and deputy head of fixed income trading.

“Erik Thedéen’s deep and broad experience and great commitment to financial issues, as well as his experience in managing financial authorities and organisations, make him well suited to become the new Governor of the Riksbank from the beginning of next year.”

“Erik Thedéen has long and broad experience of financial markets,” say Susanne Eberstein and Michael Lundholm. “Erik Thedéen’s deep and broad experience and great commitment to financial issues, as well as his experience in managing financial authorities and organisations, make him well suited to become the new Governor of the Riksbank from the beginning of next year.”

After 17 years as Governor of the Riksbank, Stefan Ingves will leave Sweden’s central bank when his term of office expires on December 31 this year. “These years have been eventful and stimulating and it has been a great honour to head up the Riksbank’s work, together with my colleagues on the Executive Board, the General Council and all of the knowledgeable and dedicated employees at the bank,” says Ingves. “I have had the privilege of working with the best, both in Sweden and around the world, and I have been involved in making the Riksbank into an institution ranked as one of the best central banks in the world. This has been a source of great joy.”