By Nick Hedley
The Third Swedish National Pension Fund (AP3) has appointed
Staffan Hansén as its next CEO.
Currently the CEO of SPP Pension & Försäkring and an
executive at Storebrand Group, Hansén will take over at AP3 on or before
December 1, the investment manager said in a statement. He will succeed Kerstin
Hessius, who recently announced her intention to step down after 18 years in
the position.
Hansén’s previous roles include CEO of Storebrand Asset
Management and head of fixed income trading at Handelsbanken and Alfred Berg.
“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,” Hansén said.
Formed in 2001, AP3 is one of five funds that manage capital
on behalf of the Swedish state pension system.
At the end of 2021, it had fund capital of SEK502 billion (US$49
billion). It generated a return of 20.7% after expenses in 2021, and a net
result of SEK86.8 billion.
Over the past decade, AP3 has delivered an annual average
return of 11.1% and has paid SEK73 billion to the pension system.