Swedish pension provider Alecta has announced that Pablo Bernengo has been appointed as CEO, effective 1 September.

This appointment follows the announcement that current CEO, Peder Hasslev, will leave Alecta in autumn 2026 at his own request to retire.

Bernengo has served as head of asset management at Alecta since December 2023 and previously served as head of asset management at Sweden’s third national pension fund (AP3) and as CEO and head of asset management at Öhman Fonder.

Commenting on the appointment, Alecta board chairman, Magnus Hall, said: “We are delighted that Pablo has accepted the role of new CEO of Alecta. We have assessed both external candidates and highly qualified internal candidates.

“In addition to his extensive experience in asset management and other senior roles within similar organisations, Pablo possesses strong leadership skills and a thorough understanding of Alecta. He has also played a key role in developing and implementing the comprehensive improvements to governance and risk management that Alecta has carried out in recent years.”

In addition to Bernengo’s appointment, Alecta head of the customer and insurance department, Marie Litezings, has been appointed as deputy CEO. She will also take up her new position on 1 September.

Bernengo commented: “It is both an honour and a pleasure to have the opportunity to take on a role like this. Alecta is a fine company with a history stretching back over 100 years and a very important social mission, which makes the job both stimulating and challenging.”

He added that he is “very pleased” that Litezings is taking on the role of deputy CEO, as he believes his and Litezings’ experience and skills “complement each other very well”.

Alecta head of equities, Magnus Tell, will become acting head of asset management from 1 September, filling the position left vacant by Bernengo.

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