Alecta loses chairman after just one week in deepening crisis

Carina AkerstromPhotographer: Erika Gerdemark/Bloomberg

OSLO: Alecta is losing its new chairman after just one week in the job, the second bungled appointment for that role within a few months, as the pension fund sinks deeper into a crisis.

Carina Akerstrom, a seasoned banking executive, was supposed to restore confidence among clients of Sweden’s biggest pension fund after a series of failed investments and management departures, but her sudden exit casts doubt over the fund’s ability to manage its affairs.