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.
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