Key Takeaways
- • Ulrika Bergman has been appointed Chief Investment Officer (CIO) of the Nobel Foundation, starting May 29, 2017, according to the Foundation's announcement.
- • Bergman most recently served as CIO for Global Equities at SEB Investment Management, where she headed a 10-person team managing SEK 170 billion in international equity and balanced mutual funds.
- • The Nobel Foundation's assets have grown from less than SEK 3 billion since 2011 to above SEK 4 billion, per the Foundation.
- • She succeeds Gustav Karner, who after five years is leaving to become CEO of Apoteket AB:s Pensionsstiftelse, a Swedish pharmaceutical-sector pension fund.
- • Executive Director Lars Heikensten said the Foundation is pleased to engage Bergman, citing her expertise and experience.
Summary
The Nobel Foundation has named Ulrika Bergman as its new Chief Investment Officer, according to an announcement published on NobelPrize.org. Bergman will assume the role on May 29, 2017. The Foundation manages the assets Alfred Nobel left behind to finance the Nobel Prize and the selection of Laureates. According to the Foundation, those assets have grown from less than SEK 3 billion in 2011 to above SEK 4 billion.
Bergman has served most recently as CIO for Global Equities at SEB Investment Management, the Stockholm-based bank's asset manager. She headed a 10-person team that managed SEK 170 billion across international equity and balanced mutual funds, using modern financial and quantitative methods. She has worked at SEB since 2007 and has held her current position since 2012.
In her role, Bergman will continuously monitor and evaluate the Foundation's assets and develop proposals on allocation, investment strategy, financial instruments and choice of managers. She will work closely with Executive Director Lars Heikensten and the Investment Committee, which makes the key investment decisions. Bergman described the mandate as one with a perpetual time horizon, and said incorporating a sustainability perspective into the management of the Foundation's assets is a challenge she welcomes.
Her predecessor, Gustav Karner, is leaving after five years to become CEO of Apoteket AB:s Pensionsstiftelse, a pension fund in the Swedish pharmaceutical sector. The Nobel Foundation, a private foundation established in 1900 under Alfred Nobel's will, is responsible for safeguarding the long-term economic base of the Prize and the independence of the prize-awarding institutions, as well as managing the Nobel trademarks and intangible assets.
Bergman has served most recently as CIO for Global Equities at SEB Investment Management, the Stockholm-based bank's asset manager. She headed a 10-person team that managed SEK 170 billion across international equity and balanced mutual funds, using modern financial and quantitative methods. She has worked at SEB since 2007 and has held her current position since 2012.
In her role, Bergman will continuously monitor and evaluate the Foundation's assets and develop proposals on allocation, investment strategy, financial instruments and choice of managers. She will work closely with Executive Director Lars Heikensten and the Investment Committee, which makes the key investment decisions. Bergman described the mandate as one with a perpetual time horizon, and said incorporating a sustainability perspective into the management of the Foundation's assets is a challenge she welcomes.
Her predecessor, Gustav Karner, is leaving after five years to become CEO of Apoteket AB:s Pensionsstiftelse, a pension fund in the Swedish pharmaceutical sector. The Nobel Foundation, a private foundation established in 1900 under Alfred Nobel's will, is responsible for safeguarding the long-term economic base of the Prize and the independence of the prize-awarding institutions, as well as managing the Nobel trademarks and intangible assets.
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