The Swedish pension company incurred losses of SEK 19.6 billion when three portfolio companies were dragged into the banking crisis in the United States, the company writes in a press release. Several measures are now being taken, including organisational measures. The current Head of Equity Management will be replaced by Ann Grevelius as acting Director from 20 April. At the same time, recruitment of a new permanent manager will begin immediately.
Alecta is also making changes within its asset management. According to the press release, "a reduction in risk is immediately initiated with high ownership stakes in individual companies far from the domestic market, with a focus on concentration in the US holdings".
The measures are being taken because the losses in the US banks have seriously damaged customer confidence, according to Alecta.