Alecta's Chairman of the Board, Ingrid Bonde, believes that the decision to fire CEO Magnus Billing is due to damaged trust. At the same time, she says that the company will continue to take risks, and that no errors have been made against the framework and mandate set by the board.

"We must learn from what has happened. We have launched a strategic review to see what we should do in the future in order to still be able to take risk and provide returns to savers," says Bonde.