Sweden’s second-biggest occupational pension fund, AMF, is bringing forward the change of leadership announced back in July, with current chief investment officer Tomas Flodén now set to be installed as chief executive officer in three weeks’ time.

The SEK846bn (€74.5bn) blue-collar pension provider also announced that the promotion of Katarina Romberg to the dual position set to be vacated by Flodén – CEO of AMF’s funds subsidiary, AMF Fonder, and CIO of AMF — would now take place on 4 November too.

Romberg is currently head of alternative investments at AMF Fonder.

Lars Wedenborn, chair of AMF’s board, said in yesterday’s announcement: “The process of changing CEO at AMF has gone more smoothly and efficiently than we thought, so we have decided to bring Tomas Flodén’s appointment forward to 4 November.”

The original plan was for Flodén to take over from current CEO Johan Sidenmark – who has headed up AMF since 2012 – on 1 January next year, with Romberg’s promotion at the funds subsidiary happening on the same date.

“Johan Sidenmark will remain at AMF as a senior advisor for a period,” AMF said yesterday.

Wedenborn said AMF was a “very well-run and strong company” today, and that with Flodén as new CEO, the company was making sure AMF got “both the strength required to continue developing and be at the forefront, but also the continuity needed to continue delivering good pensions to Sweden’s workers”.

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Rachel is IPE's Nordic correspondent. She has long been a freelance writer, and over the years, has written for The Telegraph, The Independent, The Observer, AMWatch and elsewhere. In 2001, Rachel's personal finance book Kickstart Your Money was published by John Wiley & Sons.View full Profile

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