Niklas Ekvall


2016 –

Fourth Swedish National Pension Fund (AP4), CEO

2011 – 2016

Nordea, Group Treasurer

2010 – 2011

Nordea, Head of Nordic Private Banking

2008 – 2010

Nordea, Managing Director, Nordea Investment Management, Head of Investments

2003 – 2008

Carnegie, Group Head of Asset Management

1998 – 2003

Third Swedish National Pension Fund (AP3), CIO and Deputy CEO

1993 – 1998

Handelsbanken Markets, Global Coordinator of Equity Trading, Global Head of Financial Research Fixed Income & FX



Vasakronan , Hans Dahlborg’s Foundation, Nordea Investment Management


Nordea Group (ALCO, Risk Committee, Executive Credit Committee, four boards within the group), Swedish Bankers’ Association, twelve companies within the Carnegie Group (chairman in seven), the Swedish Society of Financial Analysts (chairman), AP Fastigheter


1993 – 2008

Stockholm School of Economics, Professor in Finance (Adjunct), Associate Professor and Lecturer in Managerial Economics


Honorary Docent, Stockholm School of Economics


Ph.D., Business Administration, Stockholm School of Economics (partly conducted at the Wharton School of the University of Pennsylvania)


M.Sc., Industrial Engineering and Management, Linköping Institute of Technology

Academic Honours


The Economic Prize of the Swedish Association of Graduates in Business Administration and Economics (the prize is awarded each year to the best Ph.D. dissertation in Business Administration in Sweden)


Svenska Handelsbankens Stipendium (award for outstanding performance in the doctoral program at the Stockholm School of Economics)


The Tryggve Holm Medal (awarded each year to the best graduating student in Industrial Engineering and Management)