Anders Borg resigns from Kinnevik’s board

Matthew Gregory

Kinnevik has announced the resignation of Anders Borg from its board of directors with immediate effect.

Kinnevik said in a brief statement issued today that “Earlier today, Mr Anders Borg tendered his resignation as a Director of Kinnevik with immediate effect. The Board has accepted his resignation”.

The company did give any reason for his resignation and no replacement has been announced.

According to his resume, Anders Borg is an Advisor at Citigroup. Mr. Borg is also Member of its Nordic Advisory Board.

He served as Sweden’s Minister of Finance between 2006 and 2014. He served as Head of the Economic Analysis Department at Skandinaviska Enskilda Banken (SEB) from 1999 to 2001. From 2002 to 2006, Mr. Borg was Chief Economist, Head of Parliamentary Office and Administrative Director of the Sweden’s Moderate Party from 2003-2006. From 2001 to 2002, he was an Adviser on monetary policy issues to the Executive Board of the Riksbank.

From 1998 to 1999, he served as Chief Economist at ABN Amro Bank and was responsible for analysis of financial and monetary policy in Sweden. Prior to his political career, from 1995 to 1998, he was responsible for economic and political analysis at Transferator Alfred Berg. From 1993 to 1994, he was Political Adviser to Mr. Carl Bildt at the Prime Minister’s Office. From 1991 to 1993, he was Political Adviser at the Prime Minister’s Office, Coordination Secretariat, with responsibility for coordination of the Ministry of Health and Social Affairs, the Ministry of Public Administration, the Ministry of Culture and the Ministry of Education and Science.

From 1990 to 1991, he was Editorial Columnist at Svenska Dagbladet. Mr. Borg is a Non-Executive Director of Stena International SA and Milvik/BIMA and serves on the advisory board of Asian Infrastructure Investment Bank (AIIB). He has been Director and Deputy Chairman of Kinnevik AB since May 2015. He has been a Member of the Board of the Swedish Labour Market Administration since 2005.

He is the Chairman of the World Economic Forum’s Global Financial System Initiative. He served as a Non-Executive Director of Millicom International Cellular SA from May 2015 to May 17, 2016 and also served as its Deputy Chairman. He served as Vice Chairman of Board of Governors of The European Bank for Reconstruction and Development and Nordic Investment Bank.

Mr. Borg served as a Member of the Board of Governors of Nordic Investment Bank since June 1, 2009. He served as a Member of the Board of Governors of The EIB Group. Mr. Borg served as a Governor at The European Bank for Reconstruction and Development.

He served as a Member of the Board of Governors of European Investment Bank. From 1992 to 1996, he served as Member of the Expert Group on Public Finance. Since 1989, he served as Chair of Föreningen Heimdal. Since 1989, he served as Chair of the Uppsala University Student Union. In 2011, he was named European Finance Minister of the Year by The Financial Times, recognizing his outstanding political ability, economic performance and market credibility.

He studied Political science, Economic history and Philosophy at Uppsala University in 1991. He completed postgraduate studies in Economics at Stockholm University in 2000.