The long-term chief executive officer of Swedish national pensions buffer fund AP2 is to retire next year after 20 years in the role, it has been confirmed.
A spokeswoman for AP2 told IPE that Eva Halvarsson, CEO of the SEK458bn (€42bn) Gothenburg-based fund since 2006, had expressed her desire to retire back in the spring to Anna-Karin Jatko, when Jatko took on the role of the fund’s chair.
“The board has, consequently, started preparing a recruitment process because Eva has already expressed the intention to retire, and after the turn of the year, the board will begin the recruitment,” she said.
However, the spokeswoman said that as yet, there was no defined retirement date for Halvarsson.
AP2 has been in the news lately regarding a row which developed between the fund and AP6, the smallest of Sweden’s five national pensions buffer funds, which – unlike the other four – only invests in private equity.
The two funds are on the point of merging as part of a major reform of the way Sweden’s buffer capital in its income pension system is managed.
The AP2 spokeswoman said Halvarsson’s planned departure has nothing to do with this, or controversy over “unfortunately worded” internal communication by her early this spring, which was reported in the media.
“When it comes to the upcoming restructuring of the AP funds, AP2 and Ms Halvarsson has, and is, working very hard to implement the parliamentary decision and AP2 has only received positive feedback from the government coordinator in this regard,” she said.
AP2 had been having a good cooperation with the government coordinator of the merger between the two Gothenburg-based funds, she said, adding that the collaboration in the joint working groups between AP2 and AP6 was functioning well.
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