AXA Rosenberg announced today their appointment by AP7 for a Pan European Equities Mandate worth 320 million. The seventh AP Fund was set up following the introduction of Swedens new pension system. Its role is to manage the premiums received by income-earners in Sweden to finance their pensions.
Richard Grttheim, executive vice president of AP7 stated, We have chosen AXA Rosenberg as one of the managers following an extensive tender process. They have a solid investment philosophy and process with an excellent track record
Simon Vanstone, AXA Rosenbergs CEO in Europe said, We are clearly delighted to have been appointed by AP7. AXA Rosenberg has a strong commitment to the European market, especially Sweden, and this endorsement shows the progress we have been making. We are dedicated to keeping the momentum going and we are fortunate to have a strong, committed team to help achieve this.