02/09/2019at 13:10

AP1 board fires CEO after breach of internal rules

The board of directors at Swedish pension fund AP1 has fired Johan Magnusson from his position as CEO. The decision is pinned on the fact that the CEO has breached internal regulations regarding the holding and trading of financial instruments. (To be updated)

BY MICHAEL DUELUND

The Board of Swedish pension fund AP1 has decided to terminate CEO Johan Magnusson’s contract, the pension fund, which manages a total of EUR 32.6bn, writes in a press release.

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From left: Steffen Mielke, head of fixed income at PensionDanmark and member of the CFA Society. Denmark's Fixed Income Committee hosted the seminar and moderated the debate. Søren Funch Adamsen, head of portfolio construction at Danske Bank Asset Management, Allan Japhetson, head of investment strategy at ATP, and John Hydeskov, deputy CIO at Velliv. | Foto: PR / CFA Society Denmark

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