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Third Swedish National Pension Fund appoints Pablo Bernengo as CIO

Press release
May 15, 2019

The Third Swedish National Pension Fund (AP3) has appointed Pablo Bernengo as Chief Investment Officer. Pablo joins the Fund from Öhman Fonder, where he has worked since 2011 and currently serves as Chief Executive Officer.

Pablo Bernengo has a strong track record in advanced asset management from current and previous positions at DnB NOR, Skandia and Carlson Investment Management (CIM), where his roles have included CEO, CIO and portfolio manager.

AP3 CEO Kerstin Hessius sais: “I look forward to working with Pablo Bernengo in taking AP3 forward. Pablo is an experienced leader with in-depth expertise in asset management.”

He will join the Fund in November 2019, taking over from acting CIO Kerim Kaskal.


For further information, please contact:

Kerstin Hessius, CEO AP3, +46 8 555 17100

Lil Larås Lindgren, Head of Communications AP3, +46 709 517223

Pablo Bernengo photo

AP3 is one of five funds that serve as a capital buffer for the Swedish state pension system. The Fund had SEK 340.7 billion of assets under management as at 31 December 2018. AP3 is tasked by Parliament with generating maximum possible benefit for the pension system by managing its fund capital so as to deliver strong investment returns at a low level of risk. Discover more at