Pär Nuder

Pär Nuder
Minister for Finance
In office 31 October 2004 – 6 October 2006 (1 year, 340 days)
Prime Minister	Göran Persson
Preceded by	Bosse Ringholm
Succeeded by	Anders Borg
Personal details
Born	Pär Anders Nuder (1963-02-27) 27 February 1963 Täby, Sweden
Political party	Social Democrats
Spouse	Ingrid Carlberg
Children	2

Pär Anders Nuder (born February 27, 1963) is a Swedish Social Democratic politician. He served as Minister for Finance from 2004 to 2006, Minister for Policy Coordination and State Secretary and Chief of Staff to Prime Minister Göran Persson 1997-2002.

Today he serves as Chairman of the Third Swedish National Pension Fund (AP3), one of Sweden's leading pension companies AMF and Hemsö, and on the board of several Nordic private companies. Pär Nuder is also Senior Counselor at Albright Stonebridge Group and Industrial Advisor to the private equity firm EQT Partners.

Biography

Pär Nuder grew up in Österåker, where he still resides. His father, Ants Nuder, was one of the numerous Estonian refugees who fled to Sweden to escape the Soviet invasion at the end of World War II. During his childhood, Pär Nuder spent several summers in Israel, which has resulted in a strong personal commitment to the Middle East peace process. Educated at Stockholm University, Nuder has a Bachelor of Laws degree.

Carreer

Politics

His political path began in the local Swedish Social Democratic Youth League club. From 1986 to 1989 he was the chairman of the Stockholm County branch of the organisation and from 1987 to 1990 he was a member of the national board. At the same time he was a member of the Österåker Municipal Executive Committee, from 1982 to 1994. In 1986 he started his career as a political adviser, first to the Minister for Justice and later to the Prime Minister, first to Ingvar Carlsson and later to his successor, Göran Persson. For a few years he also worked as a political secretary to the Social Democratic parliamentary party group. In 1994 he was elected a Member of Parliament.

In 1997 he was offered the position of State Secretary in the Prime Minister's Office. Although he was more or less unknown to the general public at the time, he was generally believed to be Göran Persson's close ally and one of his personal favourites to succeed him as party leader and Prime Minister. This impression was further strengthened by Persson's move to let Nuder join his Cabinet as Minister for Policy Coordination in 2002, an influential behind-the-scenes post. When Marita Ulvskog stepped down as Minister for Culture in September 2004 he took over the portfolio, although it was explicitly stated that this was not a long-term solution. The Prime Minister's intentions instead became public on October 21, 2004, when Göran Persson announced a restructuring of his government in which Pär Nuder was to take over as Minister of Finance after Bosse Ringholm.

Responding to media questions on whether his plan was to be the next Prime Minister, he simply answered that he did not "think about it" and was concentrating on his tasks as Minister of Finance. He also restated the government's goal to get the rate of open unemployment below four percent again.

In December 2004 he introduced the controversial term "Köttberg" ("Mountain of meat") to describe the baby boomer generation (born in the 1940s) during a speech. This speech addressed the potential pension bomb Sweden is facing.

During early 2008, he lost his position as Social Democratic candidate for Finance Minister due to quarrels with party leader Mona Sahlin. Nuder himself replied: "If she [Mona Sahlin] believes there is another person better suited to speak for the economic policy of Social Democracy in Sweden, then I won't doubt to step aside for that person". He was succeeded as economic advisor for the Social Democratic party and its alternative for Finance Minister for the election in 2010 by Thomas Östros, earlier Minister of Education.

Private Sector

Pär Nuder is currently Chairman of The Third National Pension Fund (AP3) and board member of several private companies in Sweden. He is also Senior Counselor of the global strategy firm Albright Stonebridge Group, advising clients on global financial trends and providing strategic advice to clients seeking to enter the European market. He is also advisor to the private equity fund EQT, several other Nordic companies and member of The President’s Advisory Council, Tokyo University.

He is a columnist at the business newspaper Dagens industri and has written an autobiography called Stolt men inte nöjd: en kärleksförklaring till politiken.