The assets of the Wallenberg Foundations are managed through engaged ownership, a tradition that has existed with the Wallenberg family since the founding of Stockholms Enskilda Bank in 1856. The assets of the Foundations are primarily managed on a long-term basis through direct or indirect holdings in companies with world-leading market positions. The largest assets of the Wallenberg Foundations are the partly-owned industrial holding company Investor AB, listed on the Stockholm Stock Exchange, and the wholly-owned holding company FAM AB.
The largest Wallenberg Foundations are the Knut and Alice Wallenberg Foundation, the Marianne and Marcus Wallenberg Foundation, and the Marcus and Amalia Wallenberg Foundation. To ensure professional management of their assets, including administration and finances, the Foundations have assigned this task to the wholly-owned company Wallenberg Investments AB.
Wallenberg Investments AB is responsible for managing the capital of holdings and their corporate governance on both a short-term and long-term basis.
Mission and responsibilities
Wallenberg Investments AB's mission is to make long-term and strategic decisions on how the assets of the Wallenberg Foundations is to be managed and how their ownership role should be executed and developed in holdings. The company’s main responsibility is to ensure that the Foundations assets are managed and grown over time so that grants can be increased gradually.
Working to ensure that the right people are involved in the boards, and in positions managing business operations, is another focus area for Wallenberg Investments AB. Management of liquid funds and assets that are not currently invested in long-term holdings is another task. Individual decisions taken within the Foundations, Investor AB, FAM AB, Navigare Ventures AB and Nineteen Private Capital are the responsibility of their respective boards, while Wallenberg Investments AB focuses on broader issues concerning the assets of the Foundations, including their composition, and the development of the ownership concept for the holdings.
Board of Directors
Marcus Wallenberg, Jacob Wallenberg, and Peter Wallenberg Jr work full-time in various roles at Wallenberg Investments AB. Their involvement in the companies and international networking activities is a significant part of their work. For this active engagement, they receive compensation that is set to be market-competitive, comparable to the salary of a CEO at a Swedish listed company with extensive international operations. In 2023, their compensation amounted to the equivalent of a salary of 12.8 million SEK each for Jacob, Marcus, and Peter. Further information about Wallenberg Investments AB can be found in the company's annual report.
Wallenberg Office
Within the framework of Wallenberg Investments AB, there is a function called Wallenberg Office, which aims to, through structured, coordinated, and proactive networking, further develop the contact network that the Wallenberg family has established over generations. To support the work of managing and developing the international network and understanding the development of important societal issues and global trends, the Wallenberg Office collaborate with a number of senior advisors.