Sweden’s KPA, the local government pension fund, has appointed Erik Thedéen as its chief executive, replacing the outgoing Lars-Åke Vikberg.
Thedéen will take on the role from April 13. He is currently the secretary of state for Sweden’s finance ministry, with particular responsibility for the country’s national pension system.
Jens Henriksson, chairman of KPA and CEO of insurance company Folksam, said Thedéen was “a very capable person” with experience in several areas. Prior to joining the finance ministry in 2010, Thedéen spent three years at Nasdaq OMX as head of debt. He has also held roles at Sweden’s National Debt Office and its central bank, as well as private sector positions at JP Bank and hedge fund manager Brummer & Partners.
KPA announced that Lars-Åke Vikberg would be stepping down as CEO last month. He had run the SEK90 billion ($10.7 billion) KPA Pension since 2009.
KPA has been shortlisted for a CIO Innovation Award in the governance category. The winners will be announced at a ceremony in London on May 14.
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