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Storebrand ASA (OSL:STB) Sarah McPhee has been appointed the CEO of SPP and a group director in Storebrand. McPhee comes from her position as group director responsible for the investment management area in AMF Pension. She will take over responsibility for SPP no later than February 2009.
Sarah McPhee has worked for AMF since 2004 and has previously held positions in companies such as the Swedish pensions fund Fjerde AP Fondet, GE Capital and PricewaterhouseCoopers. Sarah McPhee holds a master's degree education from Stanford and the Stockholm School of Economics.
"I am very pleased Sarah McPhee has accepted the job of heading the work of developing and repositioning SPP in the Swedish pensions market. Sarah is a noted manager in Swedish life insurance and investment management, and has a reputation as capable, motivating and result-oriented," says Idar Kreutzer, Storebrand's CEO and Chairman of the Board of SPP.
Kreutzer points out that Sarah McPhee has helped to develop AMF Pension into one of Sweden's leading pensions companies, and that her formal background, knowledge and personal qualities will strengthen the Storebrand Group's Nordic ambitions.
"I am looking forward to getting to grips with one of the most interesting tasks in the Swedish pensions market. Our vision is to become Sweden's leading and most respected partner within pensions. Together with capable colleagues in SPP and Storebrand, I am strongly motivated to lead SPP's growth and repositioning," says Sarah McPhee.
