Alecta, APG, Pensions UK, Finnish Pension Funds Association, PRI, FCLTGlobal, Fidelity, Omni Partners
Alecta – Peder Hasslev is retiring as chief executive officer of Sweden’s largest pension fund this autumn, the SEK1.4trn (€120bn) institution announced this morning. Hasslev was brought in by Alecta’s board in 2023 to steer the pension fund through a reputational crisis following revelations of big losses on controversial investments.
“It has been three intense and challenging years,” Hasslev said. “Thanks to very good cooperation with the board and the organisation, we have implemented an improvement programme that is well anchored in the organisation.”
The CEO, whose career has included stints as chair of PFA in Denmark and as CIO of AMF in Sweden, said now felt “like a good opportunity to hand over to someone new who can drive this forward.”
Magnus Hall, who has chaired Alecta’s board for the last year, said Hasslev had done “an exceptional job” together with the organisation developing and implementing many improvements that Hall said made the pension fund stronger and safer for its customers.
Alecta had started a process to hire a new CEO from within or outside the company, he said. The pension fund said its board would work with an external recruitment company to do this.
APG Asset Management – Allan Polack has been appointed as a member of the supervisory board of APG Asset Management, a subsidiary of APG Groep, serving as chair. He assumed the role as of 21 May, succeeding Knut Kjær, whose second term ended earlier this year. Polack’s appointment is for an initial period of four years.
Polack has more than 40 years of experience in international asset management and pension services. Since 2022, he has served as a non-executive member of the board of directors of Danske Bank. From 2015 to 2022, he was CEO of PFA Pension, Denmark’s largest commercial pension fund. He began his career in 1985 at Nordea, the largest financial institution in Scandinavia. From 2002 to 2008, he served as CEO of Nordea Life and Pensions, followed by his role as CEO of Nordea Asset Management from 2008 to 2015.
From 2016 to 2021, Polack was a non-executive member of the board of the French asset manager La Banque Postale Asset Management. In addition, he has held various other positions, including a pension advisory role with the global asset manager BlackRock and a board position with the European Fund and Asset Management Association (EFAMA).
Polack’s appointment has been approved by the regulatory authorities. Earlier this year, Kjær and Bart le Blanc stepped down as members of the supervisory board of APG AM after serving eight and 16 years, respectively. As of 21 May 2026, the supervisory board consists of Polack (chair), Constant Korthout and Sarah Russell.
Pensions UK – Jamie Fiveash, chief executive of Smart UK, is the new chair of Pensions UK, the UK’s main pensions industry body.
As CEO of Smart UK, Fiveash – a qualified accountant and pensions expert – leads the £9.5bn (€11bn) Smart Pension master trust with two million customers. He was previously chief operating officer at The People’s Partnership, where he was instrumental in the design and delivery of The People’s Pension.
He commences a three-year term on 1 July 2026, succeeding Emma Douglas, who is stepping down to take up a new position as chair of The Pensions Regulator.
As chair of the association, Fiveash will act as an ambassador for all the issues the organisation represents and guide Pensions UK in delivering its new strategy for the years to 2030.
“The sector is transforming rapidly, with significant momentum from government and industry towards improving saver outcomes following the Pensions Commission’s interim report and the Pension Schemes Act,” said Fiveash. “My focus will be on strengthening our collective voice across our membership base to drive forward policy and innovation that delivers the best possible retirement outcomes for savers across the country.
Pensions UK is also now seeking a new chair for its influential policy board to succeed John Chilman, who is retiring from the role, but remaining on the organisation’s board until the end of his term in October 2027. It is also recruiting at least one non-executive director from among its members, as well as an independent non-executive director to succeed Dave Coplin, whose second three-year term on the Pensions UK Board is coming to an end.
Finnish Pension Funds Association (ESY) – Mats Nyman has been appointed as the new CEO of the Finnish Pension Funds Association (Eläkesäätiöyhdistys, ESY), taking over from the current CEO Timo Toropainen. Nyman will start his new job in November, and Toropainen, who has led the lobby group since 2014, will step down at the end of this year, ESY announced.
Nyman will come to ESY from his current role as executive director of ASIA, the Association for Managers and Professionals.
In a post on LinkedIn, Toropainen said he was “ready to hear suggestions for meaningful jobs that would start next year”.
The Principles for Responsible Investment – Monique Mathys-Graaff has joined the PRI as interim chief markets officer, effective 18 May 2026.
The organisation’s markets function plays a central role in engaging with signatories, policymakers and industry stakeholders, and in supporting the delivery of PRI’s global strategy.
Mathys-Graaff has held senior leadership roles including global head of sustainability solutions at Willis Towers Watson and senior positions at the Impact Management Project and the Public Investment Corporation.
In her role as interim chief markets officer, she will be based in London and will provide strategic leadership to the PRI’s global Markets function, ensuring continuity, alignment and delivery across regions.
Cambria Allen-Ratzlaff, interim PRI CEO, used to be the chief markets officer before she stepped up to fill David Atkin’s shoes.
FCLTGlobal – The non-profit organisation has announced the appointment of Olivia White as chief executive officer, effective August 1, 2026. White will succeed Sarah Keohane Williamson, who previously announced her intention to retire after more than a decade leading the organisation.
White joins FCLTGlobal from McKinsey & Company, where she serves as senior partner and director of the McKinsey Global Institute (MGI). As CEO of FCLTGlobal, White will lead the organisation’s mission to develop practical tools and actionable research that encourage long-term behaviors in business and investment decision-making.
Prior to leading MGI, White advised major financial institutions on strategy, risk, and regulatory transformation and led work on digital financial inclusion and long-term economic development. Her research and leadership have focused on helping organisations navigate structural shifts and build resilience in increasingly complex global environments.
Fidelity International – The asset manager and retirement savings business has named Elisa Prezzavento as director of ETF product strategy and development. She joins from State Street Investment Management, where she most recently led EMEA fixed income product innovation, having previously held senior ETF product development and strategy roles spanning EMEA and APAC. Prior to this, Elisa spent nearly 14 years at ICE Data Indices.
Omni Partners – The lower mid-market private equity investment firm has appointed Roald Hunvik as partner to lead the firm’s Nordic investment strategy. Based in Oslo, Roald is Omni’s first hire outside the UK. His mandate is to extend the company’s reach to include founder-led businesses in the lower mid-market operating across the Nordic region. He joins from Monterro, the Nordic B2B software investor.
