Swedish Local Government Pension CEO to Exit

Lars-Åke Vikberg, CEO, KPA PensionThe chief executive of Sweden’s local government pension is to leave the organisation.

Lars-Åke Vikberg, CEO of the SEK90 billion ($10.7 billion) KPA Pension, will step down from the role he has held since 2009 later this year.

Vikberg is also quitting his role as head of collective business at insurance group Folksam.

Folksam CEO and Chairman Jens Henriksson said in a statement that Vikberg was “looking for new challenges”. Vikberg will remain in his role until KPA appoints a successor.

Before joining KPA, he ran his own actuarial consulting firm. He has also worked for investment technology group Wassum, and Swedbank.

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.