AMWatch

Alecta's CIO is leaving

Hans Sterte has been the Chief Investment Officer at Sweden’s biggest pension fund for almost five years.

Hans Sterte is leaving Alecta in November | Photo: Alecta/PR

Alecta’s chief investment officer Hans Sterte is leaving the SEK 1,231bn (EUR 116.4bn) Swedish pension fund giant. Financial daily newsletter Pensionsnyheterna reports that Sterte is due to leave in mid-November, once his four-month notice period is at an end.

He submitted his resignation in May.

A spokesman for Alecta has confirmed to AMWatch that that Hans Sterte is leaving and adds that a process to find his replacement has been initiated.

The newsletter states that the reason for Sterte’s departure is that he wants a more flexible role and to pursue something else after over 20 years as a chief investment officer for various organizations. His own business, a senior advisory role or a seat on a board are all examples he gives.

He has already been approached by recruiters several times, but does not wish to to disclose further details, he says.

Sterte came to Alecta from a CIO role at pension insurer Skandia and has also served at Länsförsäkringar.

He has been a prominent commentator on the state of the market for some time, telling AMWatch last year of the pension fund’s continued strategy to move more capital to real assets and illiquid strategies. This year, he talked about starting to buy more government bonds.

Alecta CIO starts buying bonds amid a ”paradigm shift” in the market

Boom year on the stock market contributed to Alecta’s strong returns this year - but focus on illiquid assets remains

Alecta sets up real estate subsidiary to manage domestic properties

More from AMWatch

Titanbay fuels growth with new partnerships as competition heats up

The platform for private market funds has got fresh capital and new partners onboard, as the competition between companies trying to bridge the gap between private market funds and investors with limited access intensifies. The CEO of Titanbay tells AMWatch how the new partnerships will help the business to prosper.

Further reading

Related articles

Latest news

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch