Organization

Första AP-fonden’s organization is made up of five independent investment units, four units for business support/risk management and units for ESG, corporate communications  and compliance.

The Fund’s management is permeated by a holistic approach: The Fund works across many investment areas where the focus is on creating the right composition of assets. The Fund relies on independent investment research and seeks fundamental values, where expected future profits are weighed against expected risks.

The internal investment units are responsible for the overall allocation of investment assets and for management of the global bond portfolio, Swedish and other European equities and foreign exchange . For other assets, mainly non-European equities and unlisted securities, the Fund uses external managers. The head of each investment unit reports directly to the CIO, Chief Investment Officer.

Business support and risk management are handled mainly by the Fund’s own staff, since these functions are so central to the Fund’ investment process.


Managing Director Legal Affairs & ComplianceCommunicationsHuman Resources Business SupportRisk & Middle OfficeCIOAsset Allocation & Quantitative AnalysisEquity ManagementFixed Income and Foreign ExchangeExternal Management Alternative InvestmentsSustainable Value CreationActive OwnershipIT

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Managing Director

Johan Magnusson


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Legal Affairs & Compliance

Supports other teams at AP1 with competence in legal matters and monitors compliance with the laws governing the operations of the AP funds..
Head of Legal Affairs & Compliance : Teresa Isele


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Communications

External and internal communication.
Head of Communications: Anna Fall


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Human Resources

Personnel-related matters and office services.
Head of HR: Marina Westman


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Business Support

Head of Business Support: Gun Hammarlund


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Risk & Middle Office

Performance measurement and evaluation of the Fund’s investment operations. The unit is also responsible for price recording in the Fund’s portfolio management system and valuation of the Fund’s assets.
Head of Risk & Middle Office: Katarina Höller


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CIO

CIO: Mikael Angberg


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Asset Allocation & Quantitative Analysis

Head of Asset Allocation: Patrik Nyman


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Equity Management

Management of Swedish and European equities, large and mid-sized companies.
Head of Equities: Olof Jonasson


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Fixed Income and Foreign Exchange

Global fixed income markets and foregin exchange.
Head of Fixed Income: Andrejs Landsmanis


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External Management

Listed and unlisted securities in markets that are not managed internally.Tendering, ongoing performance measurement and evaluation of external managers.
Head of External Management: Majdi Chammas


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Alternative Investments

Hedge funds, Private Equity, Real Estate and Infrastructure.
Head of Alternative Investments: Martin Källström


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Sustainable Value Creation

Head of Sustainable Value Creation: Nadine Viel Lamare


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Active Ownership

Chief Active Ownership Officer: Ossian Ekdahl


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IT

Operation, maintenance and development of all of the Fund’s IT systems and project management for the Fund’s system development needs.
Head of IT: Sverker Högberg