Fund Management

Alecta and Robur leave Swedish company’s nomination committee in protest

The two owners controlling the most voting power in Swedish conglomerate Assa Abloy want to have sole responsibility for picking a new Chair of the board. Norway’s Oil fund has also left the nomination committee.
Liselotte Ledin, Alecta's Head of Equities | Photo: PR / Alecta
Liselotte Ledin, Alecta's Head of Equities | Photo: PR / Alecta
BY AMWATCH

Swedish occupational pension fund Alecta and the country’s largest fund manager Swedbank Robur are leaving the nomination committee of conglomerate Assa Abloy.

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