​Alecta equities chief quits after 12 years

first_imgHe said he was turning 62 this summer and thought the time was right when he resigned in February – before the coronavirus crisis broke out.“I have since received a request to sit on Lundberg’s board, which I accepted,” he said.Selling said the idea had been that he would be elected on 1 April, but that Lundbergs’ annual general meeting had then been postponed, and was now due to happen before 30 June.Prior to joining Alecta in 2007, Selling worked as head of Swedish equities at Handelsbanken Asset Management for a year, according to his LinkedIn profile, having spent 11 years in the same role at AMF before that. Bo Selling, the man who has led equities investment at Swedish pensions giant Alecta for the last 12 years, is leaving the company to join Stockholm-based listed investment firm Lundbergs.Alecta will not be replacing Selling when he departs on 25 May, but will instead change the reporting structure so that the two managers currently under him in future work directly with his boss, a spokesman told IPE.Liselott Ledin, head of equity management, and Jesper Wilgodt, head of equity research, will be reporting to Alecta’s head of investment management Hans Sterte, the spokesman said.Commenting on his decision to quit, Selling said: “I have been head of equities since November 2007, in other words for over 12 years, and I felt it was time to try something new.”last_img

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