- Advertisement -

Related

AP7 CEO to Step Down

- Advertisement -

Stockholm (HedgeNordic) – Richard Gröttheim, the CEO of AP7 for the past 12 years, will step down from his role in 2023 after 22 years at the Seventh Swedish National Pension Fund. AP7’s board is now starting the process of recruiting a new CEO and Gröttheim remains in the role until the process is complete.

Gröttheim has been at AP7 since the pension fund began operations in 2000. After more than ten years as Executive Vice President, he was appointed as CEO in October 2010. AP7 Såfa, a fund portfolio managed by the state pension fund AP7, is the default alternative in the Swedish premium pension system. At the end of 2021, AP7 managed SEK 970 billion for more than five million premium pension savers.

“The time is right to bring my operational career to a close and to hand over the baton to my successor.”

“It has been a fantastic journey for which I am very grateful,” comments Richard Gröttheim, the outgoing CEO of AP7. “The premium pension default alternative is a cornerstone of the Swedish pension system and I had the opportunity to develop it together with fantastic colleagues,” he continues. “The time is right to bring my operational career to a close and to hand over the baton to my successor.”

“The board would have liked to see Richard Gröttheim stay for a couple more years, but fully understands that he wants to devote himself to other activities after a long and dedicated service.”

“The board would have liked to see Richard Gröttheim stay for a couple more years, but fully understands that he wants to devote himself to other activities after a long and dedicated service,” says Per Frennberg, chairman of the board of AP7. “The financial result has been outstanding, the organization is highly competent and the sustainability work has been exemplary.” Since the fund’s start in 2000, savers have received an average return of 11.6 percent per year.

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Gersemi Shipping Rallies on Shift Towards Short-Term Trading

After a challenging first eight months of the year, Joakim Hannisdahl’s shipping-focused long/short equity fund, Gersemi Shipping Fund, has staged a strong recovery since...

Choosing the Deals, Reducing the Fees: Evli’s Approach to Co-Investing

A more challenging private equity fundraising environment is creating opportunities for co-investors, as managers increasingly turn to investors to help finance individual deals. For...

Bliwa Looks to Real Assets for Diversification and Returns

Fixed income is the cornerstone of Bliwa Livförsäkring’s investment portfolio. To identify additional sources of return, however, the Swedish insurer looks beyond fixed income,...

Infrastructure Debt: Balancing Structural Demand with Credit Discipline

Digitalization, the energy transition and growing concerns over energy security are driving substantial investment needs across infrastructure markets. Meeting these demands requires not only...

Agmentum Expands Shipping Expertise Into Nordic High Yield

Soon after appointing Kostas Theodoropoulos as portfolio manager, Norwegian asset manager Agmentum Capital is expanding beyond shipping equities into credit markets with the launch...

Hedge Funds Break the Midterm Pattern

Hedge funds have delivered their strongest first nine months of a US midterm election year since 2006, despite a historical tendency for the second...

Allocator Interviews

Voices

Request for Proposal

- Advertisement -