AP1 CEO Johan Magnusson dismissed for internal regulation violation
On the 09.02.19 at 6:23PM
The Board of Directors of Swedish national pension fund Första AP-fonden (AP1) dismissed CEO Johan Magnusson for violating internal regulations on the holding and trading of financial instruments.
One of five pension funds in the Swedish national income pension system (the AP Funds), AP1 has SEK 352 billion (€32.7 billion) of assets under management. The fund’s general counsel Teresa Isele is the CEO in the interim.