One of Sweden’s main occupational pension providers added the role of chief economist to its staffing structure – in part because of the increasing speed of change in today’s world.
Folksam announced today it had hired Marcus Svedberg as chief economist, and that Svedberg – who was previously an investment analyst at Swedish national pensions buffer fund AP4 – had started work in the new role last Wednesday.
Michael Kjeller, Folksam’s head of asset management and sustainability, said: “We have been talking for several years about a changing world, but the speed of change has increased further and that is one reason why we need to strengthen our macroeconomic analysis, which will benefit our customers.”
The SEK556bn (€52.2bn) firm said that in the new role, Svedberg would work “at the intersection of macroeconomics, market development and sustainability, assisting Folksam’s asset management with macroeconomic analyses of the global economy, among other things, and how these factors affected Folksam’s operations and ultimately Folksam’s customers.”
The pensions and insurance group said Svedberg had extensive experience in the financial world and was also well versed in issues related to sustainability.
Apart from working at AP4, he has also worked at the World Bank, Stockholm Sustainable Finance Center and as chief economist at East Capital, according to Folksam.