The Nobel Foundation has appointed Ulrika Bergman as its new chief investment officer.
Bergman joins the Stockholm-based institution from SEB Investment Management where she headed up a ten-person team in her role as CIO for global equities and managed SEK 170 billion (€17.8 billion) worth of investments.
She has worked at SEB since 2007 and has held her current position since 2012.
Bergman will assume her position at The Nobel Foundation on May 29, 2017.
Modern Investor previously reported The Nobel Foundation’s current CIO, Gustav Karner, was leaving the Foundation after five years to assume the role of chief executive officer (CEO) at Apoteket AB:s Pensionsstiftelse, a pension fund in the Swedish pharmaceutical sector.
The Nobel Foundation manages the assets that Alfred Nobel left behind to finance the Nobel Prize and the task of selecting Nobel Laureates.
Since 2011 these assets have grown from less than SEK 3 billion (€315 million) to above SEK 4 billion (€420 million).
On the appointment, Lars Heikensten, executive director of the Nobel Foundation commented: 'We are pleased to be able to engage Ulrika Bergman in the management of The Nobel Foundation’s assets. She has the right expertise and experience for us.'
Bergman added: 'It will be exciting and fun to work at an organisation like The Nobel Foundation, where asset management occurs with a perpetual time horizon and for the purpose of rewarding contributions for the greatest benefit to mankind.
'This is a sustainability perspective that is more topical today than ever. I view it as a challenge to bring it all the way into the management of the Foundation’s assets.'