McPhee steps down as chief executive at Sweden's SPP

Sarah McPhee is to step down as chief executive at SPP after seven years at the Swedish pension insurer.

McPhee, who joined in 2008 after four years as CIO at AMF Pension, is to be succeeded by the current chief executive of Storebrand Asset Management, Staffan Hansén, in July.

He said his emphasis would be on offering customers easy, affordable and sustainable ways of saving for retirement.

Hansén was CIO at Storebrand Life for two years before assuming overall responsibility for its asset management division.

He began his career at Pohjola Bank, a former owner of Finnish pension mutual Ilmarinen, and has worked as head of bond trading and head of fixed income at Alfred Berg.

Before joining SPP’s life insurance business in 2006, Hansén spent close to three years as head of government and covered bond trading at Svenska Handelsbanken.

Hansén’s promotion will not see McPhee depart SPP immediately.

Instead, the American will stay on as a senior adviser before retiring in 2016.

McPhee has worked for the UN Development Programme, PwC and Svenska Hanselsbanken over the course of her career.

She also spent nearly three years as AP4’s head of performance and risk control before being hired by AMF – experience she put to use during her time as a member of the Buffer Fund Inquiry that has recommended the closure of two of Sweden’s AP funds.