SWEDEN- Sweden’s e14.2bn AP1 fund has appointed William af Sandeberg as CEO to replace Lennart Nillson who has retired.

Sandeberg has been consulting on his own for the past sixteen months but prior to that was head of asset management at SEB Banken.

He left his post at SEB in November 2000 saying he wanted to cut his workload. During his career he has also been CIO at Trygg-Hansa (before its merger with SEB), and CEO at both Robur Allemansfonder and Nordbanken Allemansfonder.

He takes up the post at the beginning of next month.

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