​AP1 hires former top ECB woman to fill CEO gap

first_imgAP1, one of the big four buffer funds backing Sweden’s state pension, has hired Kristin Magnusson Bernard – a former senior employee of the European Central Bank – as its new chief executive officer.The appointment ends a period of temporary leadership for the SEK352bn (€33.2bn) Stockholm-based fund, following the sacking of its previous CEO Johan Magnusson in September for breaching the fund’s trading rules.Urban Hansson Brusewitz, chair of the board at AP1, said: “In Kristin Magnusson Bernard, AP1 gets a CEO who combines long-standing experience from leading specialist and high-performing teams with excellent communication skills.“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. However, by the time Magnusson Bernard steps into her new job, the fund will have been without a permanent CEO for a year, since she is set to start on 1 September 2020.At that point, she will take the reins from Teresa Isele, who has been acting CEO since September 2019.Hansson Brusewitz also said Magnusson Bernard’s strong commitment and engagement in sustainability matters would be valuable for the fund’s continued work in that field.The incoming chief’s most recent job was country senior executive in Nordea Markets Sweden and head of macroeconomic research in Nordea, AP1 said.After going to Nordea in 2016, she worked in several leading positions within the markets and investment banking divisions of the bank, the pension fund said.Before that, she held senior positions at the ECB in Frankfurt as well as at the International Monetary Fund (IMF) in Washington D.C. in the US.Magnusson Bernard said her mission as CEO of AP1 was to continue the assignment to manage the pension capital and achieve good returns, and at the same time support sustainable development.“The Swedish national pension fund system has a very significant task and I am very proud of being part of the continued development of AP1 as a stable, responsible and active investor,” she said.Magnusson Bernard’s appointment makes it likely that in September, three of the four main AP buffer funds – AP1, AP2, AP3 and AP4 – will be led by women, since AP4 is now the only one whose chief is male.last_img read more

Pulis: I knew Jewell could quit

first_img Pulis is still looking to appoint a goalkeeping coach and remained tight-lipped on his former Stoke keeper Carlo Nash landing the role. He is also hopeful of adding to his squad to aid their fight against relegation with the Baggies 14th in the Barclays Premier League, but three points above the drop zone, ahead of Monday’s trip to Everton. “It’s an important two weeks in the window, important for the football club,” Pulis said. “The players we bring in have to be better than what we have, they have to make a difference. It’s a difficult window if you haven’t been preparing. “We have to make sure players are right. We’ve been busy behind the scenes but it’s very difficult. We have to get that team winning. I really do think it will be tough.” The Baggies boss admitted he heard Jewell was interested in the vacant Charlton job. The Addicks instead appointed Guy Luzon and Jewell left West Brom on Tuesday, following the arrival of Gerry Francis on a part-time basis, just a week after he was appointed joint-assistant head coach. Press Association Jewell, who has now been linked with a coaching job at Hull, is taking legal advice in the wake of his departure but Pulis insisted it did not come as a shock. “I had a phone call on Sunday saying Paul was in for the Charlton job. I spoke to him on Sunday but that was the last time I spoke to Paul,” he said. “I have been concentrating on getting stuff sorted out at this football club. I have been non-stop. “If it was going to be Charlton, Hull or whoever he is a good lad to have on board. “He has been linked with a few jobs, so we’ll see what happens. I hope he gets back into it, that’s where he should be and where he belongs.” Pulis is looking to appoint a replacement and spoke to chairman Jeremy Peace on Thursday but is in no rush to find a new man and will continue to work with long-time number two Dave Kemp. He said: “Myself and Kempy have done it by ourselves before and Gerry (Francis) comes up every other day. “We will get on with it. People make decisions and that’s it, you move on. I have got nothing but respect for Paul, he is a good guy.” Head coach Tony Pulis has hinted he knew Paul Jewell could quit West Brom 48 hours before his exit.last_img read more

100th Street between 114a Avenue and Northern Lights Drive, now partially open

first_imgFORT ST. JOHN, B.C. – Staff of the city of Fort St. John announced that 100th Street between 114a Avenue and Northern Lights Drive is now partially open.Currently, only one lane is open in both directions to allow crews to continue the landscape work.City staff are asking drivers to slow down when travelling this route to ensure the safety of the workers who are continuing to complete the project.- Advertisement -This project has been opened ahead of schedule, according to staff.There is no longer a detour.To view more on capital projects; CLICK HERE.Advertisementlast_img