Sweden’s AP6 Gets a New Managing Director

Katarina Staaf to head the private equity-centric pension fund in September.

Katarina Staaf

The new managing director of AP6, Sweden’s $3.7 billion pension plan, is Katarina Staaf, who has experience in private equity, the fund’s forte.

She replaces Margareta Alestig Johnson, who has been the acting head since early March, following longtime chief executive Karl Swartling’s departure. Staaf, who takes over in September, has served on the fund’s supervisory board since 2017.

The new chief has also held several private equity and asset management roles at institutions such as corporate Nordic bank SEB, Evli Funds, and Skandia Liv. The fund said Staaf acquired “a broad experience” of investments, as well as corporate governance, regulatory compliance, and sustainability-focused knowledge, providing her with the necessary leadership skills for the job.

“It feels very honorable to have been given the trust to lead an organization who has the task to manage pension capital through investments in unlisted companies,” said Staaf.

AP6 is one of Sweden’s smaller funds due to its specialization in private equity. Its asset mix as of December 31 was 39% direct investments, 37% fund investments, and 24% liquidity.

AP6 returned 9.6% in 2018.

Related Stories: 

One Swedish Pension Reserve Did Well in 2018, With a Bittersweet Caveat

Tags: , , ,