Annika Andersson, the Head of Corporate Governance at the SEK210bn (€25.4bn) fourth Swedish national pension fund Fjärde AP-fonden (AP4) has left.
She is currently government-appointed Vice Chairman at the renowned medical university the Karolinska Institutet.
Andersson, who chaired the AP funds’ joint Ethical Council in 2010, is a former portfolio manager at AP4. She originally joined the fund as an analyst in 1994, becoming Head of Research in 1998. She became governance chief in 2005.
“I have left AP4 to take on new challenges,” she says.
The main governance contacts at the fund now are Arne Lööw and Pia Axelsson. Earlier this year, Lööw was part of an engagement team which visited mining giant Goldcorp’s controversial operations in Guatemala.The council has been pushing for change at Goldcorp since 2008; its latest annual report reveals the outcome of a “constructive” engagement.
Last month AP4 was among 18 investor signatories to a letter in support of an independent chair at media giant News Corporation.
“I have left to take on new challenges”
And in May, the fund emerged as a seed investor in the TMAM-GO Japan Engagement Fund (JEF), a joint venture of Tokio Marine Asset Management (TMAM) and London-based Governance for Owners.
It comes as the Swedish government is reviewing the AP fund system, with a report from the panel headed by Mats Langensjö due on August 21.