Kristin Magnusson Bernard was named CEO of AP1, Stockholm, following the dismissal of the pension fund's CEO last year.
Ms. Magnusson Bernard will replace Teresa Isele before Sept. 1, according to a news release. Ms. Isele, who is general counsel for AP1, was appointed acting CEO in September, upon the dismissal of Johan Magnusson. She will return as general counsel, a spokeswoman for AP1 said.
The 352 billion Swedish kronor ($36.4 billion) fund said in a statement last September that Mr. Magnusson had violated internal regulations on the holding and trading of financial instruments, leading to his dismissal.
"In Kristin Magnusson Bernard, AP1 gets a CEO who combines long-standing experience from leading specialist and high-performing teams with excellent communication skills," said Urban Hansson Brusewitz, chair of AP1's board, in the news release.
"Kristin possesses broad and deep experience from the financial industry, both in Sweden and an international context, where she developed strategic and analytical asset management capabilities," he said. "Further, her strong commitment and engagement in sustainability matters will be valuable for the fund's continued work in this field."
Ms. Magnusson Bernard was most recently country senior executive at Nordea Markets Sweden and head of macroeconomic research at Nordea, the release said.
A spokesman for Nordea said Anders Svendsen will continue as acting head of macro research while the firm works to appoint a permanent replacement.
