Henrik Gade Jepsen is leaving his role as head of asset management at Alecta, Stockholm, a spokesman confirmed.
The pension fund said in April that Mr. Jepsen was on long-term sick leave due to complications related to a COVID-19 infection. Mr. Jepsen was expected to return after the summer, the pension fund said at the time. He joined the pension fund on Dec. 3. The spokesman declined to comment further about the reasons for his departure.
Kerim Kaskal was named acting head of asset management in April. Mr. Kaskal remains in the role while Alecta recruits a new CIO, the spokesman added.
Mr. Kaskal was head of asset management at the 486.4 billion ($44.9 billion) kronor AP3, Stockholm, between 2018 and 2019. Most recently he was senior adviser at alternative lender Niam Credit.
Alecta has about 1.2 trillion Swedish kronor in assets.
The pension fund recently named Peder Hasslev as CEO, following the departure of Magnus Billing in relation to Alecta's investments in U.S. banks. The pension fund had a total 12 billion kronor exposure to Silicon Valley Bank and Signature Bank, which was written down to zero following the collapse of the banks. The pension fund also sold a 9.7 billion kronor holding in First Republic Bank at a loss, divesting its exposure in March for 7.3 billion kronor.
