Ingrid Albinsson is leaving Sweden’s AP7 pensions giant this summer with an open mind about her next career steps after three decade-long employments at major Swedish financial institutions.
As for the gap the chief investment officer and deputy chief executive officer will leave at the SEK905.2bn (€89.8bn) national pension fund, AP7 has already started the recruitment process for her replacement, stating in the job advertisement that someone with “a clear ethical compass” is required.
Albinsson told IPE: “Yes, it is correct that I have decided to leave AP7 after 12 fantastic years with the fund,” describing that period as a time where the growth in the pension fund’s assets under management and performance had been very good.
“In the next step of my career, I would be open to challenges where I could contribute and add value based on the experience and knowledge I have built in this industry over a number of years being active as an investment professional in private as well as public organisations,” she said.
The CIO has recently put her name forward for a board position at one of the AP funds – the six state-run investment institutions that back the main income-pension element, as well as the smaller premium-pension element, of the country’s state pension provision.
Albinsson’s departure from AP7 will coincide with that of the fund’s CEO Richard Gröttheim, who is due to leave on 1 July 2023, when his successor Pål Bergström takes over.
AP7, which runs the default option in the defined contribution premium pension system, published a notice about the vacant position of CIO on 7 April.
In it, the Stockholm-based investor said it was looking for someone with deep and broad knowledge in asset management with the ability to create an “open and trusting working climate where employees are trusted to contribute to the development of the business and the achievement of goals”.
In a future CIO, AP7 said it was looking for a confident leader with an interest in global sustainability issues, and that experience in government operations would be an advantage.
Albinsson joined AP7 back in 2011 from Swedbank Robur where she had worked from 2000 to 2011.
Before that, she worked at SEB – including a period in London – between 1990 and 2000.
Novare Executive Search is working for AP7 on the recruitment process.
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