Erik Liden was named CIO of Volvo Car Group Investment Management, which manages most pension assets of Volvo Car Corp., Goteborg, Sweden, in the U.K. and Sweden, a spokesman said.
Mr. Liden is replacing Hakan Backlund, who is taking on another position within the company, the spokesman added.
VCG IM manages 11 billion Swedish kronor ($1.2 billion) on behalf of Volvo's Swedish and U.K. pension trusts.
The total fair value of all of the company's pension plans assets is 13.7 billion Swedish kronor.
