New but experienced faces to take temporary charge of Alecta’s assets

Following Alecta’s US investment debacle, two veteran finance profiles will be handling the pension giant’s portfolios – at least for now. The former equity head is taking the fall for the losses.

Investment veterans Kerim Kaskal and Ann Grevelius will be in charge of Alecta's asset management - at least for now. | Photo: Worthwhile Pr / Alecta Pr

by KIM WIESENER

Two finance industry veterans with a combined 65+ years of professional experience will be picking up the pieces as Alecta attempts to move on from the US banking failure, which not only cost the Swedish pension giant SEK 19.6bn (EUR 1.7bn) but did untold damage to its reputation.

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Alecta changes investment team in the wake of failed US investments

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Further reading

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AP2 teams up with think tank to identify deforestation exposure in global portfolios

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