The appointment of Brändström is part of an organisational change at the Stockholm-based pension fund, involving the creation of a Real Assets department, which will be sub-divided into International Real Assets and Real Estate Sweden.Lena Boberg has now been appointed as Alecta’s new head of Swedish real estate, and is coming to the company from her most recent job of chief executive officer at ICA Fastigheter.Meanwhile, Frans Heijbel will continue to lead International Real Assets.Boberg has been CEO of Västerås-based property firm ICA Fastigheter since 2011, having joined the firm in 2007. Her previous jobs include that of chief financial officer of Skandrenting AB, and one of her current roles is supervisory board member of Ancore Fastigheter, which is jointly owned by ICA and Alecta.Alecta told IPE that the pension fund’s real assets allocation – the vast majority of which is in real estate – had been growing over the last few years to around 10% in 2019 from about 7% in 2016.This development was the main reason for creating the new role of real assets chief, the spokesman said. Sweden’s biggest pension fund Alecta has lured Skandia Investment Management’s chief investment officer to switch sides and head up its rapidly-growing real assets operation, amid indications from the fund that the expansion of its property and infrastructure allocation has much further to go.Axel Brändström is set to join Alecta this month in the newly-created role of head of real assets, having worked at rival Skandia for almost 15 years, according to a spokesman for Alecta.The news follows the departure of Fredrik Palm, Alecta’s former head of real estate, on 25 September last year, and his temporary replacement by Danor Ghersinich, who had previously been responsible for the fund’s directly owned properties.Palm, who headed up the the SEK928bn (€88bn) pension fund’s real estate operation since 2013, left to start his own business.
John Barnes claims he is struggling to get a job in management because he is black.The former Liverpool star’s last managerial job was at Tranmere in 2009. He lasted four months before being sacked. The 51-year-old has previously been in charge of Celtic and the Jamaica national team. Barnes insisted that had he been white he would have got another job.”A white manager loses his job and gets another job, he loses his job, he gets another job. Very few black managers can lose their job and get another job,” he told British channel ITV4.”What I can judge it from is by looking at society. How many black people are there in the higher echelons of any industry? We can talk about journalism, we can talk about politics. So why should football be any different?”Barnes’ first job in management, at Celtic for the 1999-2000 season, ended in the wake of an embarrassing Scottish Cup defeat to Inverness.But he denied that job was too much too soon. He said: “Well, if it comes now at 51, I don’t think it will be any different. It’s more to do with the perception of my ability to do the job, because there’s a certain perception of who can make a good manager.”Barnes’ former England team-mate Ian Wright agreed that the colour of his skin was counting against Barnes. The former Arsenal man said: “With someone of John Barnes’ ability and stature, to not have worked more in the game with something that he’s desperate to do. I don’t know what else it can be?”Barnes also talked about the guilt he felt after the Hillsborough disaster in 1989.Barnes, who attended the funerals and met the families of victims following the tragedy, said: “I felt this guilt that they were coming to watch me.”I know that they were coming to watch everybody else, and it’s Liverpool Football Club. It’s an irrational thought. “So I felt this guilt. And I wasn’t sure how they would react because had that been my loved one, I wouldn’t want to go and meet footballers or the football team, or ever watch football again.”–
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