SWEDEN - AP1 and AP2, two of Sweden's national buffer funds, have unveiled their expected real-estate investment company Cityhold Property, which will focus on European property investments.

The company will be managed in cooperation with Catella, the Swedish real-estate specialists, which will assist Cityhold with resources and competence over a contract spanning several years.

Cityhold will focus on long-term investments in commercial property in major European cities.

Per Sjöberg has been appointed chief executive and joins from his own property firm, Reiton. He was previously chief executive at CLS Holdings in London.

Andrew Smith has joined as CIO, while Sir Julian Berney will serve as the asset manager based in London. Christophe Murciani will have a similar role in Paris. Robb Simpson joins as investment analyst.

The recruitment process for a number of other key positions - including one for the German market - is still underway.

In other news, the board of financial regulator Finansinspektionen has decided that it will become mandatory from 1 April next year for life and pensions insurers to provide customers with key facts and figures.

The aim is to strengthen consumer rights, and the information provided must include cost, fees and solvency figures, as well as historical performance numbers.

Finally, the Swedish Church Pension Fund has appointed Lenita Granlund to the board as deputy chairman.

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