SWEDEN – Bengt Björkén has been named head of bond management at AMF Pension.

He replaces Lars Åberg, who left at the start of September to fulfil an ALM role.

This cements the position for Björkén, 39, who was appointed acting head of fixed income management in August.

Åberg, 58, was at AMF for approximately 10 years before taking the new role of asset liability manager at the SEK220bn (€24.08bn) pension provider.

The move followed Sweden’s decision to implement a “traffic light” solvency system at the start of 2006.

Björkén has been at AMF since 2001, and was involved with foreign exchange portfolio management.

His responsibilities will now include foreign exchange risk and fixed income portfolio management, along with foreign exchange overlay, said an AMF spokesperson.

AMF today also announced the appointment of Mats Hederos as the new head of real estate.

Hederos, 46, is the successor to Tom Jensen, 62, who will retire in spring next year after 10 years at AMF.

Although no exact date has been set, IPE was told that it would more than likely be in March.

Since 2003 Hederos has worked at AP Real Estate. Before that he worked in the corporate finance division of Enskilda Securities.