Pensions
Alecta Board Chair Ingrid Bonde Resigns
The Swedish pension fund fired its CEO and replaced its head of equities earlier this year after losing $2 billion from the collapse of Silicon Valley Bank.
Tag: Magnus Billing
Newsmakers
Alecta Fires CEO as Fallout Continues From $2 Billion Banking Losses
Magnus Billing lost the confidence of the pension fund’s board, and Katarina Thorslund has been named acting CEO.
Market Moves
Alecta Replaces Equities Head in Wake of US Banking Losses
Liselott Ledin was placed on leave after Sweden’s largest pension fund lost almost $2 billion during recent U.S. banking failures.