AP1 Dismisses CEO After Trading Rules Infraction

Posted on 09/02/2019


The board of Sweden’s AP1 dismissed its CEO, Johan Magnusson, for breaking the fund’s securities trading rules. In a statement, AP1’s supervisory board said, “The step has been taken by the board in light of the fact that the chief executive has breached the fund’s internal regulations regarding the holding and trading of financial instruments.” […]