Axel Brändström has been appointed head of real assets in Alecta restructured real assets department, starting at the end of January.
Brändström will join from Skandia Investment Management, a subsidiary of Swedish pension company Skandia, where he is currently serving as chief investment officer.
The spokesperson of Swedish pension fund Alecta told Expert Investor: “The real assets, mainly made up of real estate, share of our portfolio has been growing in the last years, from approximately 7% to 10% between 2016 and 2019, which is the main reason for our decision to create this role and make an organisational change.”
Alecta will reorganise its real assets department and consist of two subdivisions: international real assets, headed by Frans Heijbel, and real estate Sweden, which will be headed by Lena Boberg.
Boberg will join Alecta in June. She is currently chief executive officer at Ica Fastigheter, a Swedish property management company.
Total market value of Alecta’s real assets currently amounts to SEK100bn (€9.47bn) of assets, the spokesperson said.
The pension fund has a total of SEK928bn of assets under management.