SWEDEN – Andra AP-fonden, the SEK173bn (€18.2bn) Second Swedish National Pension Fund or AP2, has appointed Eva Halvarsson as chief executive.

She takes the place of Lars Idermark, who resigned in July. The appointment comes after an eventful year for the fund, which along with Idermark’s departure also saw the termination of 16 external mandates in February and the cancellation of a series of hedge fund briefs.

And it comes as the AP buffer funds are coming under scrutiny about investment policy and structure.

Halvarsson joins AP2 from the Swedish Ministry of Industry, Employment and Communications where she was head of state enterprises. “We are extremely satisfied and pleased to have been able to recruit Eva Halvarsson as the new CEO of the Second Swedish National Pension Fund,” said board chairman Gunnar Larsson.

“She has unique experience in the administration of state-owned companies and knows what is required in combining the need for a competitive return on investment with the responsible administration of public assets. She stands for committed and dynamic leadership, as well as having a close association with Gothenburg.”

“Managing the pension assets of the Swedish people is a highly important and responsible assignment. I look forward with pleasure and a sense of true commitment to shouldering my new role,” Halvarsson said.

“It feels particularly stimulating to join an administrative organisation that has established such a professional and innovative reputation.

Halvarsson takes up her new position in February.