"In a situation where there has been too much focus on my person, I have decided to resign. With a new CEO and new management staff coming in, Alecta is well equipped for its challenges. I now need to devote my time and energy to my family and my other assignments", says Ingrid Bonde in the press release.

Farmer is now the second high-ranking person in the company to quit. Last spring, the then CEO Magnus Billing was fired from the company after Alecta's failed investments in a number of US niche banks.

Recently, Dagens industri has reported on how Alecta invested in the housing giant Heimstaden Bostad, whose financial problems have become increasingly larger.

FI investigates the transactions

Finansinspektionen (FI) has initiated two investigations against Alecta. The first concerns Alecta's risk management following its involvement as major shareholders in three US niche banks: Silicon Valley Bank, First Republic Bank and Signature Bank.

An investigation has also been initiated into Alecta's investments in Heimstaden Bostad, where FI is reviewing "prudentness, governance and risk management".

The Board's First Vice Chairman, Jan-Olof Jacke, will now step in as Chairman of the Board until a new Chairman is elected.

Already in April, Ingrid Bonde said that she had offered to resign – but that the board had asked her to stay on the post of executive chairman.

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Alecta's Chairman of the Board, Ingrid Bonde, says that she has offered to resign several times: "The Board has asked me to stay."