Investment Advisory Council

KI manages a number of donations in the form of foundations and assets. As of September 2026, the total value amounts to approximately SEK 4 billion.

To manage received donations, investment regulations set out rules and guidelines for asset management. The overall objective is to generate the highest possible long-term return while maintaining an acceptable level of risk. Investments must also be made based on ethical considerations and a sustainability perspective.  

Kammarkollegiet, Legal, Financial and Administrative Services Agency provide monthly reports on asset performance and assist with analyses and evaluations of the holdings. Their representative participates in the Investment Council’s meetings to provide members with an up-to-date market overview.

The Investment Council’s remit

The University Board appoints the Investment Council, whose responsibilities are to:

• decide on asset allocation within the framework established by the University Board
• decide on the selection and termination of asset managers
• continuously evaluate asset management activities
• propose amendments to the investment regulations for decision by the University Board

The Investment Council must consist of at least four members, including the president of KI or a person appointed by the president. The remaining members are appointed by the University Board. At least two of the members appointed by the University Board must have particular expertise in financial and business matters, and at least one must be a member of KI’s University Board.

Members

Annika Östman Wernersson, President of KI

Veronika Sundström, University Director

Sarah McPhee, member of the University Board since 2023, has devoted her active career to asset management and financial risk at Handelsbanken, AMF and Storebrand/SPP. In recent years, she has, among other roles, served as Chair of AP4 and as a board member of Klarna, Bure Equity, Axel Johnson Inc and Thule Group.

Fredrik Strömholm, external member since 2013, has worked with corporate transactions and investments in unlisted companies at Goldman Sachs, Altor and now Impilo for more than 35 years. He is also currently Chair of the Natur & Kultur Foundation and the Academica Foundation, both of which manage assets in a similar way to KI.  

Peter Thelin, external member since 2015, has worked in asset management for more than 40 years. He has held positions at Alfred Berg and SEB and was one of the founders of Brummer & Partners. He is also Chair of the Swedish Brain Foundation.

Co-opted members

Gunnar Gustafsson Wiss, Acting Head of the Legal, Planning and Finance Division

Tove Älvemark Asp, Foundation Administrator

Lars Andrén, Kammarkollegiet