Head of equities forced to quit AP1 for rule violations

Another senior manager at Swedish pension buffer fund AP1 has been forced to leave due to alleged rule violations when investing his own money. In September the CEO of AP1 was fired. Now, head of equities Olof Jonasson has left under similar circumstances, according to Dagens Industri.

by HELLA ANDERSEN

Just a few months ago, in September, CEO Johan Magnusson was fired after he allegedly violated pension fund AP1's internal regulations on holding and trading financial instruments. Now, Swedish business daily Dagens Industri reveals that another senior manager at AP1, one of the buffer funds in the state pension system, has been forced out due to alleged rule violations.

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Head of equities forced to quit AP1 for rule violations

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AP1's former CEO was fired for purchasing shares in company of which the pension fund was a cornerstone investor

AP1 board fires CEO after breach of internal rules

Sign up for our newsletter

Front page now

Finnish pension giant is increasing risk "significantly" to grow returns

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Further reading

Alecta’s CEO rejects controversial Heimstaden investment

Swedish agency's new comms head will engage with fund managers

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Nykredit to divest more than 60 fossil fuel companies

Mandatum, Handelsbanken and Storebrand were the real winners of Q2

Major PE investor considers divesting Finnish healthcare giant

Jobs