NEWS

AP6 appoints a new chairman

By Muskan Arora

The $77bn Sixth Swedish National Pension Fund (AP6) has named Jan Sinclair as its new chairman of the board.

Sinclair will be succeeding Catrina Ingelsta, who has stepped down after nine years to join as the board member of the Second Swedish National Pension Fund.

“During the period, the capital has grown by almost SEK 50 billion to today’s SEK 77 billion. AP6 currently collaborates with selected leading players in unlisted investments, we have a well-composed strategic portfolio, and our sustainability work is recognized and appreciated by the industry,” as stated by Catrina Ingelstam, in the recent press release.

Sinclair comes with a background in banking and finance and has held multiple roles at SEB including CEO of SEB Germany and Group Treasurer.


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Since 2019, he has been Chairman of the Board of SBAB and also sits on the boards of STS Alpresor and Almi, among others.

Previously, the government announced that the Pension Group, which includes all parliamentary parties, has supported a proposal to merge AP6 with AP2 to expand expertise and have increased opportunities of investing in unlisted assets by 2036.

A vote to this proposal is planned in May.

The plan returned 9% in 2024. For a five-year period at, the plan reported 15.5% return outperforming the benchmark at 7%.

Within the portfolio, the buyout portfolio returned 15.9% including the co-investments that returned 21.1%. The secondary portfolio returned 17.5%, and the venture portfolio is back on a positive return of 10.6%.