Mats Andersson to Exit Sweden’s AP4 | Chief Investment Officer

Mats Andersson, AP4Mats Andersson, CEO of Sweden’s AP4, is to leave the pension fund after nearly 10 years at the helm.

He has offered to remain in place until a permanent replacement is found, according to a statement on AP4’s website.

“It has been a privilege during the past 10 years, along with all the talented and dedicated employees, to lift AP4 to a position with the best returns and greatest capital among the AP funds,” Andersson said.

Andersson, a member of CIO’s Power 100 list of influential asset owners, indicated that he would seek to widen his involvement in responsible and environmental investment projects. He currently leads the Portfolio Decarbonization Coalition, which has brought together asset owners and managers running $100 billion to pledge to reduce the carbon outputs of their portfolios.

He is also a board member for the Global Challenges Foundation, based in Sweden, which aims to “reduce the risks of the major global catastrophes.” Founder László Szombatfalvy has already offered Andersson a more active role in the foundation, the outgoing CEO said.

Andersson was also a vocal opponent—along with several of his colleagues at Sweden’s other public funds—of proposed reform of his country’s pension system. The Swedish government abandoned plans to merge away AP6 and one other fund at the end of last year.

Andersson’s resignation follows that of AP4’s CIO Magnus Eriksson just two weeks ago. He is set to leave the fund in June. Equity chief Björn Kvarnskog left the SEK310 billion ($36 billion) fund at the end of 2015 to join Australia’s Future Fund.