In Episode #4, of IPE’s new Leaders in Investment podcast series, IPE editorial director Liam Kennedy interviews Kristin Magnusson Bernard – CEO, AP1 

“The main challenge of 2024 will be maintaining the trust in what you do for your beneficiaries so that you are a credible guardian of their wealth.”

Based in Stockholm, Första AP-fonden (AP1) manages around a quarter of the €175bn capital buffer that backs Sweden’s national income pension system. Bernard has extensive financial experience: prior to joining AP1 in 2020, she worked at Nordea in several leading positions within the markets and investment banking divisions and held senior positions at the ECB, the European Commission and the IMF. She reflects on AP1 and its investment thinking, as well as on the reasons behind a planned reform of the AP funds. 

In this new podcast series from IPE and IPE Real Assets, members of our editorial team speak to leading figures in the institutional investor community to curate a library of in-depth, focused content. 

The result will be a valuable library of downloadable insights into what motivates both individuals, teams, boards and trustees as they set about achieving their long-term investment goals with a view to improving the retirement outcomes of hundreds of millions of pension holders.

If you like what you hear, do tell friends and colleagues, and please let us know us what you think by contacting us on

Thanks to PGIM for sponsoring this IPE podcast.

PGIM_RE_new_logo copy