New manager of Skandia's TimeGlobal fund

New manager of Skandia's TimeGlobal fund Niklas Lundin has been named as the new manager in charge of Skandia's TimeGlobal fund. He was previously responsible for the European part of the fund from London and was a member of the TimeGlobal international management committee. Lundin was also one of the initiative-takers behind the fund, which was started a year ago. At the same time, Stefan Carlsson, President of Skandia Asset Management in New York, will take over responsibility for Skandia Fonder's USA equities fund, with Niklas Lundin as assistant manager. "This will further strengthen Skandia's asset management endeavour in the USA," says Harald Troye, head of general asset management. "We will be developing our asset management activities in the USA in order to be able to offer even better services to our clients." The change also entails that Skandia Asset Management in the USA will be increasing its staff, among other things to replace Mary Sunderland, who has left to pursue other activities. For further information, please contact: Harald Troye, Head of General Asset Management, Skandia, tel. +47-90 02 43 97 Bengt Sandberg, President, Skandia Fonder, tel. +46-8-788 42 03 Birgitta Hammarström, Press Manager, Skandia, tel. +46-8-788 27 55, or +46-70-378 27 55 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/29/19991229BIT00160/bit0001.doc http://www.bit.se/bitonline/1999/12/29/19991229BIT00160/bit0002.pdf http://www.bit.se/bitonline/1999/12/29/19991229BIT00160/bit0003.jpg Picture - Niklas Lundin