The board of the Third Swedish National Pension Fund (AP3) has named its new CEO as Staffan Hansén, currently CEO of SPP Pension & Försäkring and an executive management member of Storebrand Group. He will take on this position on or before 1 December 2022, succeeding Kerstin Hessius, who in March announced her intention to step down after 18 years as CEO.
Staffan Hansén has many years of experience of leading asset management organisations, having previously served as CEO of Storebrand Asset Management and held responsibility for Storebrand’s life insurance portfolios. Prior to that, he was in charge of fixed income trading at Handelsbanken and Alfred Berg.
Christina Lindenius, Chairman of the Board of AP3, said: ”I am delighted we have recruited Staffan Hansén as AP3’s new CEO. I believe his extensive experience of asset management and his strong track record as a CEO and leader, combined with all the very competent people at AP3, will provide the optimal basis for continued successful operations of the Fund and hence of the state pension system.”
Staffan Hansén said: ”I am very much looking forward to getting to know my AP3 colleagues and working with them to continue delivering on the Fund’s important mission for the state pension system. I have great respect for the excellent results AP3 has achieved in the past and am taking on the role of CEO with the aim of continuing to develop the Fund as a world-class asset manager with a professional and positive work environment.”
For further information, please contact:
Lil Larås Lindgren, Head of Communications, +46 709 517223, email@example.com
AP3 is one of five funds that manage capital on behalf of the Swedish state pension system. The Fund is tasked by Parliament with generating maximum possible benefit for the state pension system by managing its fund capital responsibly and delivering strong investment returns at a low level of risk.
As at 31 December 2021 AP3 had record fund capital of SEK 502 billion. In 2021 the Fund reported the best results in its 20-year history, generating a return of 20.7% after expenses and a net result of SEK 86.8 billion. Over the last decade AP3 has recorded an annual average return of 11.1% and also paid SEK 73 billion to the pension system, helping to strengthen its financial position. Since inception in 2001, AP3 has generated an average annual return of 7.0%. The income index, which governs pension credits and indexing, has risen by an average of 2.9% in this time.
Read more about AP3 at www.ap3.se
Link to prior press releases about the CEO transition:
1 March, 2022 Kerstin Hessius steps down as AP3 CEO
24 March, 2022 AP3 launches CEO search